The Bank’s Director, Corporate Communications Department, Isaac Okorafor, disclosed that the intervention was for requests in the agricultural and raw materials sectors, adding that the Chinese Yuan, on the other hand, was for Renminbi-denominated Letters of Credit.
Browsing: CBN
At the opening of its Triennial National Delegates Conference in Abuja, Kaigama said it was a matter for regret that little efforts was being made to solve the issue.
The Naira on Wednesday in Lagos gained marginally against the dollar at the parallel market closing at N359.3 to the dollar.
The Naira on Tuesday closed at N359.5 to a dollar at the parallel market in Lagos, the News Agency of Nigeria reports.
Prof. Uche Uwaleke, the Chairman of Abuja Chapter of the Chartered Institute of Bankers of Nigeria, has commended the Governor of the Central Bank of Nigeria, Godwin Emefiele, for his commitment to funding Micro, Small and Medium Enterprises.
The CBN Governor, Godwin Emefiele, disclosed this while reeling out the policy road map for his five years second term in Abuja on Monday.
The Central Bank of Nigeria says it will continue to operate a managed float exchange rate regime to reduce the impact of continuous volatility in the exchange rate on the economy.
The Central Bank of Nigeria Governor, Godwin Emefiele, says he will bring inflation to single digit within the next five years.
The Central Bank of Nigeria Governor, Godwin Emefiele, has pledged to reposition Nigerian banks through recapitalization during in his second term.
Barely two years Heritage Bank and the Central Bank of Nigeria disbursed a loan for building a N2 billion processing facility for Triton fish/chicken in Oyo State, the firm has commenced export of all kinds of frozen foods to some parts of Europe and African countries.
The Central Bank of Nigeria has summoned all authorised currency dealers for a meeting to discuss development in the foreign exchange market.
Kwara State would benefit from the N200 billion funds the Central Bank of Nigeria has set aside to promote innovative ideas and entrepreneurship, Governor AbdulRahman AbdulRazaq has said.
The Central Bank of Nigeria on Wednesday distributed farm inputs and started the disbursement of N16.4 million loan to cotton farmers in Edo.
The Niger Delta Development Commission has promised to clear all outstanding debts owed beneficiaries of its foreign scholarship programmes in the UK.
The Central Bank of Nigeria Governor, Godwin Emefiele, has been advised to conduct stress tests on the Nigerian banks more regularly to determine the true health status and capital adequacy of these banks to withstand potential adverse effects and challenges in a dynamic and vulnerable economy like Nigeria aimed at protecting depositors’ funds and other investors’ interests.
The Central Bank of Nigeria has again injected the sum of $210 million into the inter-bank Foreign Exchange Market.
President Muhammadu Buhari has directed the Central Bank of Nigeria to blacklist any firm, its owner and top management caught smuggling or dumping palm oil into the country.
An FCT High Court in Kubwa has fixed September 23 to rule on a motion seeking Unity Bank to join Godwin Emefiele, CBN Governor in contempt proceedings against him by a businessman, Godwin Emmanuel.
The interbank segment of the Foreign Exchange Market has received a boost of $210 million from the Central Bank of Nigeria following sales concluded on Tuesday.
The Debt Management Office says the impact of the proposed limitation of commercial banks’ access to government securities on the market will depend on the actual mechanism provided by the CBN.