Home / Tag Archives: CBN

Tag Archives: CBN

CBN Injects $210m into Forex Market

The Central Bank of Nigeria (CBN) has sustained its intervention in the Inter-Bank Foreign Exchange Market by injecting 210 million dollars into the various segments of the market. The director, Corporate Communications, CBN, Mr Isaac Okorafor, yesterday in Abuja, said the apex bank offered 100 million dollars as wholesale interventions …

Read More »

CBN Injects $21b to Stabilise Naira

  Within a space of six months this year, the Central Bank of Nigeria (CBN) has so far expended about $20.91 billion to stabilise the naira at the various segments of the foreign exchange (forex) market.

Read More »

CBN Releases Guidelines For Payment Service Banks

   From Udo Onyeka, Lagos   In order to deepen and sustain financial inclusion thereby reaching the unbanked poor with banking and other financial services, the Central Bank of Nigeria (CBN) on Thursday, released new guidelines and regulations for Payment System Banks (PSBs) in the country.

Read More »

CBN Injects Fresh $210m into the FOREX Market

    By Tony Obiechina  Authorized dealers in the wholesale segment of the inter-bank foreign exchange market received the sum of $100 million as intervention from the Central Bank of Nigeria (CBN) on Tuesday, to meet the requests of their customers. The CBN also allocated the sum of $55million each to the …

Read More »

CBN Explains Measures To Protect Nation’s Economy

The Central Bank of Nigeria (CBN) says the restriction on official foreign exchange for importation of 41 items in 2015 was to reverse the multiple challenges of dwindling foreign reserves, contracting gross domestic product (GDP), curb growing unemployment and protect the economy.

Read More »