The Central Bank of Nigeria (CBN) has barred individuals and local non-financial corporate entities from investing in Open Market Operations (OMO) auctions effective from Wednesday, October 23, 2019. With the latest directive from the apex bank, which is intended to stimulate the economy by spreading lending more widely, amongst other reasons, participation at the auctions […]
The Central Bank of Nigeria (CBN) has issued Approvals-in-Principle (AIP) to three Payment Service Banks (PSBs). The three institutions issued approvals in principle to operate as Payment Service Banks are Hope PSB, Money Master PSB and 9PSB. The apex bank, in a statement issued by its Director, Corporate Communications Department of the CBN, Isaac Okorafor, […]
The Central Bank of Nigeria (CBN) on Tuesday supplied $ 210 million into the inter-bank Foreign Exchange (Forex) market as part of its sustained interventions to ensure adequate foreign currencies availability in the market. The apex bank’s Director, Corporate Communications Department, Mr Isaac Okorafor, who confirmed the intervention in a statement hinted that $100 million […]
The Central Bank of Nigeria (CBN) on Tuesday intervened in the inter-bank segment of the foreign exchange market with $210 million to sustain the market’s liquidity. Data obtained on the intervention from the apex bank indicated that the wholesale segment of the market got the sum of $100 million while the Small and Medium Enterprises […]
The Central Bank of Nigeria (CBN) on Wednesday supplied $210 million to the interbank foreign exchange market to sustain the market’s liquidity. The apex bank’s intervention showed that the sum of $100million was offered to the wholesale segment, while both the Small and Medium Enterprises (SMEs) as well as the Invisibles segments received $55 million […]
The Central Bank of Nigeria (CBN) on Friday supplied $337.16 million into the retail Secondary Market Intervention Sales (SMIS) segment of the foreign exchange (Forex) market. In addition, the apex bank provided CNY 56.17million for the spot and short tenored forwards segment of the market The Director, Corporate Communications Department, Isaac Okorafor, explained that the SMIS intervention […]
In furtherance of its sustained efforts to ensure adequate liquidity in the foreign exchange (Forex) market, the Central Bank of Nigeria (CBN) on Tuesday provided $210 million for users in the Inter-bank segment of the nation’s Forex market. Available information on the apex bank’s intervention in the segment of the market showed that authorized […]
The Central Bank of Nigeria (CBN) on Wednesday supplied $210 million into the inter-bank segment of the nation’s Foreign exchange (Forex) market to boost its liquidity. Figures obtained from the apex bank on the allocation of the sum to various users showed that authorized dealers in the wholesale segment of the market were offered the […]
The Central Bank of Nigeria (CBN) on Friday confirmed that it intervened in the retail Secondary Market Intervention Sales (SMIS) of the foreign exchange (Forex) market with $317.52 million in addition to the CNY58.40 million in the spot and short-tenored forwards segment. The apex bank indicated that the US dollar-denominated interventions were only for forex […]
The Central Bank of Nigeria (CBN) says it will continue to promote and adopt policies that will facilitate foreign investment into the country. The apex bank’s Director of Corporate Communications, Isaac Okorafor, gave this assurance thorugh a statement which clarified why sanctions were imposed on some banks involved in the CCIs transactions for MTN Nigeria, […]