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CBN provides guidelines for Nigeria, China currency swap

The Central Bank of Nigeria, CBN, yesterday, released guidelines for the Nigeria and China currency swap deal.newsmen had recently reported that Nigeria and China...

Cyber Security Fund: CBN directs Banks to pay 0.005% into fund...

The Central Bank of Nigeria (CBN) has directed banks to pay 0.005 per cent into a domiciled account with the apex bank called Cyber...

Forex: CBN approves wider margin for BDCs

The Central Bank of Nigeria has approved an upward review of the trading margin available to operators of Bureau De Change in the country.The...

CBN urges banks to pledge N1bn for OTC trade settlement

The Central Bank of Nigeria (CBN), has directed all banks wishing to participate in the Over-the-Counter (OTC) trade settlement to pledge N1 billion collateral...

CBN asks appeal court to differentiate between forensic audit, special examination...

The Central Bank of Nigeria (CBN) has asked the Court of Appeal in Abuja to determine whether it can be compelled to engage a...

Commercial banks borrow N21trn from CBN in 2017

… N32.9trn sold at Inter-bank Funds MarketBy Kayode TokedeThe Central Bank of Nigeria (CBN) has disclosed that Merchant and Deposit Money Banks (M&DMBs) borrowed...

Forex: CBN sells $331.41m at SMIS

In continuation of its push to guarantee foreign exchange liquidity, the Central Bank of Nigeria (CBN) last Friday, sold a total of $331.41million to...

CBN injects $210m into forex market

The Central Bank of Nigeria (CBN) yesterday further intervened in the forex market by supplying the inter-bank foreign exchange market with the sum of...

Senate confirms four out of five CBN non-executive directors

The Nigerian Senate has confirmed four out of five non-executive director nominees for the Central Bank of Nigeria, CBN, who were screened by its...

Manufacturing Index drops to 56.5 Index points in May – CBN

The Central Bank of Nigeria (CBN) has disclosed that its Purchasing Managers’ Index (PMI) in the month of May stood at 56.5 index points,...
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