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Tag "Central Bank of Nigeria(CBN)"

CBN refutes claims of regional imbalance in agric interventions, unveils rice pyramid in Ekiti

    CBN refutes claims of regional imbalance in agric interventions, unveils rice pyramid in Ekiti

The Central Bank of Nigeria (CBN) says its agricultural intervention programmes are not tilted in favour of certain sections of the country. Godwin Emefiele, CBN governor,  said this on Tuesday

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CBN: Firms expect naira to depreciate further in January

    CBN: Firms expect naira to depreciate further in January

Firms expect the naira to fall deeper in January 2021, according to a new report by the Central Bank of Nigeria (CBN). This was contained in the apex bank’s statistics

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CBN to promote zero balance account opening

The Central Bank of Nigeria (CBN) says it will promote the opening of new accounts with zero balance. This was contained in its report titled, ‘Monetary, Credit, Foreign Trade and

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CBN: 41 items still banned under Nigeria-China currency swap deal

    CBN: 41 items still banned under Nigeria-China currency swap deal

The Central Bank of Nigeria (CBN) says the Nigeria-China currency swap deal will not cover the importation of the 41 items already blacklisted from the official foreign exchange. Isaac Okorafor,

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CBN injects $280m into FX market, increases sale to BDCs

  CBN injects $280m into FX market, increases sale to BDCs

As part of its efforts to sustain liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) has

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Naira makes U-turn, drops to 385

  Naira makes U-turn, drops to 385

After weeks of regaining strength on the foreign exchange market, the naira moved in a reverse direction and dropped, albeit

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Banks now ‘begging customers’ to buy forex

  Banks now ‘begging customers’ to buy forex

Commercial banks are now seeking customers to buy the surplus foreign currencies they have after the Central Bank of Nigeria

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