CBN Sells N454 Billion Treasury Bills   The Central Bank of Nigeria (CBN) last week sold treasury bills worth N454.16 billion via open market operations (OMO). But a report by analysts at Cowry Asset Management Limited that disclosed this at the weekend, pointed out that the...

CBN Cuts Interest Rate Before Year-End   The Monetary Policy Committee of the Central Bank of Nigeria is expected to cut the Monetary Policy Rate, also known as the benchmark interest rate, before the end of the year. FocusEconomics, in its latest report, FocusEconomics Consensus Forecast Sub-Saharan...

As Reserves Near $48 Billion, CBN Auctions $559m In Three Days   A Combined two foreign exchange (forex) market interventions by the Central Bank of Nigeria (CBN), on Wednesday, at the weekend hit $559.34million, as the monetary policymaker sustained efforts to keep the market liquid and...

CBN Signs $2.5bn Currency Swap Deal With China ...Pact’ll reduce transaction costs for industrialists   After two years of painstaking negotiations, the Central Bank of Nigeria has finally signed a bilateral currency swap agreement with the People’s Bank of China. The development was confirmed on Thursday in Abuja...

Reps C’ttee Summons Arik Air MD, Others On The N2trn CBN Intervention Funds   For failing to clarify the use of N2 trillion intervention funds given to it by the Central Bank of Nigeria, CBN, the House of Representatives Ad Hoc Committee on Central Bank of...

Test Reveals Loopholes In Banks’ Anti-Money Laundering System - CBN   majority of the deposit money banks in the country failed an anti-money laundering system examination conducted by the central bank of nigeria, a report by the cbn has revealed. According to the 2017 CBN Half-year Economic...