Foreign exchange (FX) rate pressures persist this week as inflows from Eurobonds, special drawing rights pushed the Nigerian gross external reserves to about $41 billion, according to data from the Central Bank (CBN). Naira exchange rate stays unimpressive for the…
By Kayode Tokede The Central Bank of Nigeria (CBN) has stated that the eNaira is expected to boost diaspora remittance inflow to the country. The apex bank in a document titled, “Design paper for the eNaira”, said the eNaira is…
By Kayode Tokede Foreign Exchange traders under the aegis of the Association of Bureau De Change Operators of Nigeria (ABCON) have called on the Central Bank of Nigeria (CBN) to investigate the actual causes of Naira depreciation since July 2nd…
By Kayode Tokede The Central Bank of Nigeria (CBN) has said the country’s foreign exchange reserves appreciated to $39.62billion as at October 14, 2021. The recent increase in the reserve position, which has continued since 25th of August, is in…
The Central Bank of Nigeria (CBN) said on Thursday that it had supported the Lagos State Blue railway line project with N60billion to facilitate ease of businesses and passengers’ movements in the state. The Director, Development and Finance of the …
By Kayode Tokede The Central Bank of Nigeria (CBN) has stated in its revised regulatory framework for Bank Verification Number operations that violators will be sanctioned. This was disclosed in a circular titled “Issuance of revised regulatory framework for Bank…
By Kayode Tokede The Central Bank of Nigeria (CBN) has ordered banks to apply exchange rates in the Investors and Exporters (I&E) window for outbound payments through the Pan African Payments and Settlement System (PAPSS). The CBN disclosed this in…
This was stated in a circular sent to all deposit money banks, mobile money operators, super agents, and payment service providers on Tuesday, headlined “Issuance of the updated regulatory framework for Bank Verification Number operations and watch-list for the Nigerian…
By Kayode Tokede The average yield on the Treasury bills inched higher on Tuesday ahead of the Central Bank of Nigeria (CBN) primary market auction (PMA) on Wednesday. In the secondary market, the Nigerian T-bills traded on mixed sentiments following…
By Olaleye Anuoluwapo-Abuja Bonds, Treasury bills (T-Bills) instruments trade cautiously on Monday ahead of Central Bank of Nigeria’s primary market auction scheduled for the week, according to its calendar. The Central Bank of Nigeria (CBN) will conduct a T-Bill primary…
