Central Bank of Nigeria (CBN)

The Naira on Thursday was sold at N359.3 to the dollar at the parallel market in Lagos. The Pound Sterling and the Euro closed at N450 and N396, respectively. At the Bureau De Change (BDC) segment, the naira traded at N359.3 to the…

The Central Bank of Nigeria (CBN) has injected the sum of 210 million dollars into the inter-bank Foreign Exchange Market after the transactions on Tuesday, July 30. The bank’s Director, Corporate Communications Department, Mr Isaac…

From Emeka Okoroanyanwu After a two day meeting in Abuja, the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) last week announced that its monetary policy rates would remain unchanged from the rates set earlier in May 2019.…

Economic experts have lauded the Central Bank of Nigeria (CBN) on its plan to put forex restriction on imported dairy products to the country. Some economic experts who spoke with the News Agency of Nigeria (NAN) in Abuja on Sunday said…

By Emeka Okoroanyanwu Central Bank of Nigeria (CBN) last week Thursday barred banks from buying bills for their own accounts at an open market auction. The move, traders say was intended to force banks to lend rather than invest in…

The Central Bank of Nigeria (CBN) has in the past three weeks unleashed policies seeking to get Deposit Money Banks (DMBs) to lend to the real sector of the economy, in order to get the economy on the right footing again.  First, the apex…

Central Bank of Nigeria (CBN) on Friday said it is in partnership with churches and mosques in the promotion of financial literacy in the country. The bank’s Director, Consumer Protection Department, Mr Kofo Salam-Alada made this known…

With over 2.5 million jobs created directly and indirectly through the Anchor Borrowers’ Programme, ABP, the agricultural sector in Nigeria is currently witnessing a turnaround. From rice to wheat farmers and most recently, cotton farmers,…

Emeka Okoroanyanwu Central Bank of Nigeria (CBN) in a letter last week mandated all Deposit Money Banks (DMB) to maintain a Loan to Deposit Ratio (LDR) of 60 per cent by September 30, 2019. The policy, the apex bank said, was aimed at…

BABJIDE OKEOWO Central Bank of Nigeria (CBN) has issued an order to all Deposit Money Banks (DMBs) in the country to start implementing the new cheque standard from September 1, 2019. According to CBN, in line with the new cheque…