The Central Bank of Nigeria has carried out a wholesale intervention in the interbank foreign exchange market with the release of $370.8m to 23 Deposit Money Banks. The amount, which was confirmed in a statement by the Acting Director, Corporate Communications, CBN, Isaac Okoroafor, was...

Double-digit inflation gives MPC little room for manoeuvre For the second time since banks started publishing their returns on foreign exchange (forex) utilisation purchased from the Central Bank of Nigeria (CBN), Zenith Bank Plc got the highest allocation garnering a total of $24,547,235.36 million. Zenith...