CBN Unveils Guidelines for Long-term Credit to Agric, Manufacturing The Central Bank of Nigeria (CBN) has underscored its intention to increase the flow of credit to the real sector of the economy, in order to consolidate and sustain the nation’s economic recovery. It will be recalled...

Forex: Wholesale market, others get $210m CBN boost The Central Bank of Nigeria (CBN) has sustained its intervention in the inter-bank foreign exchange market by injecting yet another sum of $210,000,000 into various sums of the market on Tuesday, August 14, 2018. At Tuesday’s trading, the...

Forex: CBN injects $327m, CNY 69m into Retail SMIS The Central Bank of Nigeria (CBN), on Friday, August 10, 2018, injected the sum $327,440,499.50 into the interbank retail Secondary Market Intervention Sales. This is in addition to the sale of CNY 69,707,333.39 in the spot...

Forex: CBN intervenes with $210m In another round of intervention, the Central Bank of Nigeria (CBN) has injected the sum of $210 million into the inter-bank Foreign Exchange Market to ensure the availability of forex and also meet customers’ requests in various segments of the...

33,000 farmers Get CBN Loans No fewer than 33,974 rice farmers in Zamfara state are to benefit from the Anchor Borrowers loan of the Central Bank of Nigeria (CBN). The Rice Farmers Association of Nigeria (RIFAN) in Zamfara said on Thursday that the farmers have...

Forex: CBN flags off SMIS in Chinese Yuan The Central Bank of Nigeria (CBN) on Friday, July 20, 2018, flagged off its intervention in the sale of foreign exchange in Chinese Yuan (CNY), signaling the consummation of the Bilateral Currency Swap Agreement (BCSA) signed with...