CBN cracks down on currency speculators

Naira falls to N755/$1 at the black market

Nigerian currency traders are refusing to show rates to sell the U.S. dollar after the CBN vowed to crack down ...

Nigeria’s manufacturing sector contracts for 5th consecutive month – CBN , To test FX market, CBN pumps $50 million, CBN issues guidelines to Finance Institutions on establishment of Subsidiaries and SPVs, CBN injects $2.63 billion to defend naira in one month, CBN’s COVID-19 N50 billion targeted credit facility, CBN’s heterodox policies buoys credit growth, These industries drove business activities in September, Credit to Nigerian economy falls to N38.67 trillion as private stagnates at N30 trillion, Availability of secured credit to businesses and households increases as unsecured credit to households dips in Q3 2020 - CBN, CBN releases regulatory guidelines on the eNaira

CBN’s COVID-19 N50 billion targeted credit facility

March 27, 2020

The CBN released the guidelines for the implementation of its N50 billion targeted credit facility for households and SMEs affected ...

Coronavirus: Manufacturers seeks waivers on import duties, seamless access to supplies

Coronavirus: Manufacturers seek waivers on import duties, seamless access to supplies

by Chidinma Nwagbara

March 26, 2020

Manufacturers under the aegis of MAN has called on the Federal Government to assist and support their businesses during this ...

CBN reduces over-the-counter withdrawals to N100k, N500k per week for individuals, companies

CBN directs staff to stay at home amid Coronavirus spread

by Chidinma Nwagbara

March 26, 2020

Some staff members of the Central Bank of Nigeria (CBN), have been directed to stay at home amid the spread ...

Inflation rate, LDR: Growing the real sector by fiat?, Rapid increase in food prices temporary – Emefiele, CBN and other industry stakeholders establish N1 billion Bankers’ Charitable Endowment Fund , How the CBN’s OMO restriction is affecting the market , Nigerian economy to grow by 2.38% in Q4 - CBN, New CBN report shows Nigerians will reduce consumption of luxury items, Banks violating CBN’s directive on N50 charge on accounts, send contradictory messages, What is on Godwin Emefiele’s mind?, These CBN policies are contradictory and stifling on banks, What you need to know as Banks rebrand CBN intervention funds to woo borrowers, CBN extends timeframe for submission of audited financial statements by other financial institutions, CBN to launch Tertiary Institutions’ Entrepreneurship Scheme, CBN tackles cybersecurity threats as it issues guidelines for OFIs, Emefiele says CBN is leading Nigeria’s economic diversification as country now exports rice

What is on  Godwin Emefiele’s mind?

by Olumide Adesina

March 26, 2020

With an unassuming personality, Godwin Emefiele controls the monetary policies of Nigeria and on his judgment, depends the economic destiny ...

Manufacturing: Activity level slumps on COVID-19

by CSL Stockbrokers

March 26, 2020

According to the PMI data for the month of March, activity level declined drastically as both the Manufacturing and Non-manufacturing ...

Investor moves $133 million worth of Bitcoins, suspected from Coinbase, World's biggest sovereign wealth fund now owns cryptos, Investors cashing in big time, as 95% BTC wallets are currently in profit, blockchain technology, Bitcoin giving better returns than the Nigerian stock market, What it will take Bitcoin to hit $100,000?, Buying signal; Bitcoin whales with 1000 BTC or more continue to rise

Crypto-revolution in Africa

by Olumide Adesina

March 25, 2020

Twitter’s CEO, Jack Dorsey, last year, announced he would be moving to Africa to explore the opportunities in crypto.

Banks’ assets under strain after naira depreciation

by Olumide Adesina

March 24, 2020

According to Moody’s Investors Services, the depreciation in Naira will put a strain on the assets of Nigerian banks struggling to ...

FG moves to capture 80% of Nigerians in formal financial services sector, Massive depreciation of the Naira as investors get jittery, Naira’s one-year currency forward falls to N515

Naira falls to N515 in forward market

by Olumide Adesina

March 24, 2020

Nigeria's one-year currency forward posted its biggest drop in more than a decade yesterday as the ASI Index fell to ...

CBN stops oil companies from selling dollar to NNPC, here’s why

by Chidinma Nwagbara

March 23, 2020

The CBN has halted the sale of dollars to the NNPC by oil companies, including IOCs that operate within the ...

Tag: Central Bank of Nigeria