CBN approves 6 companies for dairy products importation
The Central Bank of Nigeria (CBN), has approved six dairy companies operating in the country for the importation of milk products and its derivatives. The CBN made this known in…
CBN to Unveil Economic Plans For the Year
The Central Bank of Nigeria has said it will unveil the Bank’s plans for the year during the first Monetary Policy Committee meeting next week. This comes as…
Eid-El Maulud: CBN Reschedules MPC Meeting
Godwin Emefiele, CBN gov. The Central Bank of Nigeria (CBN) on Saturday rescheduled the Nov. 19 meeting of the Monetary Policy Committee (MPC) to Nov. 21 and…
CBN injects $300m, 56.17m CNY into retail Secondary Market Intervention Sales for Agriculture and Raw Materials Sectors
Godwin Emefiele, CBN Gov. The Central Bank of Nigeria (CBN) on Friday said it injected 337.16 million dollars in the retail Secondary Market Intervention Sales (SMIS) in its first…
CBN injects $337m, CNY53m into Inter-Bank Forex Market
In another round of intervention, the Central Bank of Nigeria (CBN), on Friday, injected over 337 million dollars in the Inter-Bank Foreign Exchange (Forex) market. The CBN also intervened…
MTN shares rebound on fresh talks with CBN
MTN Group Ltd.’s shares rose the most in more than six months after Nigeria softened its stance over claims that Africa’s biggest wireless carrier illegally transferred $8.1 billion out of…
Forex Scam: MTN, Citibank, Stanbic IBTC, Standard Chartered, Diamond to refund $8.13bn
The Central Bank of Nigeria (CBN)  has imposed heavy sanctions totaling N5.87 billion on four banks and asked same to refund the sum of $8,134,312,397.63 for ‘flagrant violation of extant…
Prices of goods may drop as CBN begins sale of Chinese Yuan
The Central Bank of Nigeria (CBN) on Friday launched the sale of foreign exchange in Chinese Yuan (CNY) signalling the consummation of the Nigeria-China Currency Swap Agreement. The CBN acting…
CBN spends N55bn to improve local food production
February 14, 2018 The Central Bank of Nigeria (CBN), says it has disbursed N55 billion to more than 250,000 farmers within two years of implementation of the Anchor Borrowers Programme…
CBN injects $210m into foreign exchange market but banks still deny clients BTA
Central Bank of Nigeria (CBN) has injected 210 million dollars into the inter-bank Foreign Exchange Market to ensure availability and meet customers’ requests in various segments of the market. Giving…