Tag: CBN

Acute liquidity crisis in the foreign exchange market was mentioned as one of the problematic issues.

The bank has been accused of giving preferential treatment to some customers.

“The CBN does not fix FX rates for transactions by individuals or companies."

The group wants naira to be allowed to find its true value.

The bank says it has been attacked by "unpatriotic" people.

The monetary policy rate, which sets the lending rate for banks and businesses, was retained at 14 per cent.

The Cash Reserve Ratio was left at 22.5 per cent.

Mr. Gwadabe said that the CBN would be selling about $25 million to BDCs next week

A commissioner explained why the farmers were paid the amount they were given.

“More than half of the surviving firms are classified as ailing which posed serious threat to the survival of the ...

Mr. Moghalu served as Deputy Governor of the Central Bank of Nigeria from 2009 to 2014.

Another banker had earlier been jailed 12 years.

“A farmer does not need to go to the banks to ask for loan rather, the banks that come to ...

‘There is nowhere in the world that the Central Bank sits by and allows vicious speculators to solely distort the ...

“We must rid ourselves of eating foreign rice that has been stored for over nine years in Thailand, Vietnam and ...

The House will review the regulations and possibly reverse them.

Raw materials sector received the highest allotment, getting access to foreign exchange valued at $355.7 million.

The Central Bank says it has not been contacted yet, but that it won’t back such proposal.

At the Bureau De Change (BDC) window, the naira was sold at N390 to a dollar

CBN governors says SSS has acted within its right.

She said that if more states join the programme, rice production would be greatly boosted.

Currency traders said it was difficult to put a price on the dollar since it had become scarce.

Scores of money changers have been arrested since Wednesday.

The CBN announced the names of 35 licensed operators

The tomato processing says it is moving its plant to China.