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Tag "central bank of nigeria"

Naira strengthens as CBN MPC meets

    Naira strengthens as CBN MPC meets

The naira appreciated against the dollar on Monday, coinciding with the 257th meeting of the monetary policy committee (MPC) of the Central Bank of Nigeria (CBN). The naira had previously

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Senate recommends N200/$ exchange rate for pilgrims

    Senate recommends N200/$ exchange rate for pilgrims

The senate has asked the federal government to give dollar to the National Hajj Commission of Nigeria (NAHCON) and Nigeria Christian Pilgrims Commission (NCPC) at an exchange rate of N200

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$50m for SMEs, $45m for BTA… CBN eases forex market

    $50m for SMEs, $45m for BTA… CBN eases forex market

The Central Bank of Nigeria (CBN) says it has provided additional $195 million to the inter-bank foreign exchange market in continuation of its forex supply drive. In a statement released

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Trouble for dollar hoarders as CBN plans more forex injection

    Trouble for dollar hoarders as CBN plans more forex injection

The Central Bank of Nigeria (CBN) has disclosed its plan to commence announce round of forex injections into the invisible segment of the market. The planned action is expected to lead

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Naira falls to 390, foreign reserves on a downward streak

  Naira falls to 390, foreign reserves on a downward streak

The naira has continued its downward trend, falling further to 390 to a dollar as against its 385 stand at

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Demand for Nigerian treasury bills falls

The Central Bank of Nigeria (CBN) on Thursday revealed it sold only N62.43bn in treasury bills of maturities ranging between

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Foreign investors worry over delay in naira devaluation

  Foreign investors worry over delay in naira devaluation

Foreign investors, dismayed by Nigeria’s decision to delay devaluation of the naira which they see as long overdue, have begun

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Emefiele urges Buhari to sell NNPC oil joint ventures

  Emefiele urges Buhari to sell NNPC oil joint ventures

Godwin Emefiele, governor of Central Bank of Nigeria (CBN), has urged the incoming government to consider selling down its majority stakes

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Naira devaluation ‘will increase unemployment’

Obida Wafure, a doctor of economics at the University of Abuja, believes that the recent devaluation of the naira by the

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Jonathan unveils new N100 ‘centenary note’

  Jonathan unveils new N100 ‘centenary note’

President Goodluck Jonathan has unveiled the commemorative N100 banknote at the presidential villa, Abuja. The ceremony was earlier scheduled for last

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