The Central Bank of Nigeria (CBN) on Friday supplied the sum $303.91 million into the nation’s interbank retail Secondary Market Intervention Sales of the foreign exchange (Forex) market This is in addition to the sale of CNY 46.58 million in the spot and short-tenored forwards. Statistical data on the interventions provided by the CBN […]
The Central Bank of Nigeria (CBN) today disclosed that it had imposed a fine of N5.87 billion on four banks under its regulatory purview for regulatory infractions. In addition, the apex bank also directed the affected lenders, namely Standard Chartered Bank, Stanbic-IBTC, Citibank, and Diamond Bank to refund the sum of $8,134,312,397.63 for what it […]
The Central Bank of Nigeria (CBN) today intervened in the interbank segment of the nation’s foreign exchange market with $210 million to boost the market’s liquidity and by so doing, meeting customers’ needs in the market. Available statistics on the intervention indicated that the apex bank provided $100 million for the authorized dealers in the […]
The Central Bank of Nigeria (CBN) on Thursday and Friday, injected a total sum of $543.22 million and CNY 63.21 million into the inter-bank foreign exchange market. At Thursday’s trading session, the apex bank offered the sum of $100 million as wholesale interventions and allocated the sum of $55 million each to the Small and […]
The Central Bank of Nigeria (CBN) on Wednesday said that the currency swap agreement with the People’s Bank of China (PBoC), was not intended to serve the needs of substandard or adulterated goods importers in the country. The Governor of the apex bank, Mr. Godwin Emefiele, made this clarification at the Currency Swap Forum for […]
The Central Bank of Nigeria (CBN) today injected $210 million into the Inter-bank segment of the Foreign Exchange (Forex) market in furtherance of its sustained monetary policy objective of ensuring adequate liquidity in the market sustainably. Figures obtained from the apex bank on the intervention showed that $100 million was provided for authorized dealers in […]
The Central Bank of Nigeria (CBN), today injected the sum $340, 507, 376.51 into the interbank retail Secondary Market Intervention Sales (SMIS) segment of the nation’s foreign exchange (Forex) market. This is even as it sold Chinese Yuan (CNY) totalling CNY69,858,087.15 in the spot and short tenored forwards. Today’s sale of the Yuan came barely […]
The Central Bank of Nigeria (CBN) on Friday injected the sum of $358 million into the Retail Secondary Market Intervention sales (SMIS) segment of the foreign exchange market. The intervention was to ensure adequate liquidity to meet the needs in the agricultural, petroleum products, airlines, raw materials and machinery sectors. The apex bank’s Acting Director […]
The Central Bank of Nigeria (CBN) on Tuesday supplied the inter-bank Foreign Exchange (Forex) market with the sum of $210 million to sustain the market’s liquidity. An analysis of the apex bank’s intervention showed that authorized dealers in the wholesale segment of the market received $100 million while the Small and Medium Enterprises, SMEs, segment […]
CBN on Tuesday supplied the sum of $210 million into the inter-bank Foreign Exchange (Forex) market in furtherance of its sustained efforts to ensure liquidity in the market. Figures obtained from the apex bank on the latest intervention indicated that it offered $100 million to authorized dealers in the wholesale segment of the market, while […]