We Don’t Give Loans Directly To Customers, Says CBN
The Central Bank of Nigeria (CBN) has said that there are clearly spelt out procedures for accessing its intervention funds, which are disbursed through Participating Financial Institutions, such as Deposit Money Banks, Development Finance Institutions and...
Nigeria Records Reduced Rice Import
... No dollar sold for rice - CBN
The volume of rice importation into Nigeria (in metric tonnes) has declined drastically in 2018, judging by figures obtained from various official sources. Indeed, figures obtained from India and Thailand, which are dominant...
Forex: CBN injects $303m, CNY 46.58m into Retail SMIS
The Central Bank of Nigeria (CBN), on Friday, September 7, 2018, injected the sum $303.91 million into the interbank retail Secondary Market Intervention Sales. This is in addition to the sale of CNY 46.58 million in...
4 Banks to Pay N5.87bn Over CBN Sanctions
…writes MTN to refund $8 billion
The Central Bank of Nigeria (CBN) says it has imposed heavy sanctions totaling N5.87 billion on four(4) banks under its regulatory purview and asked same to refund the sum of $8,134,312,397.63 for...
CBN Uplifts Forex Market with $210m
The Central Bank of Nigeria (CBN), has injected another sum of $210 million into the inter-bank Foreign Exchange Market, in its desire to ensure that forex is available for customers’ needs in various segments of the market.
According to the...
CBN pumps $543m, CNY 63m into Forex market
In another major round of interventions, the Central Bank of Nigeria (CBN) on Thursday, August 23 and Friday, August 24, 2018, injected a total sum of $543.22 million and CNY 63.21 million into the inter-bank foreign exchange...
