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FOREX: CBN maintains market liquidity with $195m

Mathew Dadiya, AbujaThe Central Bank of Nigeria (CBN), on Monday continued to maintain liquidity in the Foreign Exchange (FOREX) market by injecting...

NPLs: How banks violate CBN’s 5% threshold- Investigation

High-interest rate deter loans’ repayment Non-performing loans impact investors’ worth 'Banks must keep bad loans at minimum to succeed’Nigeria's commercial banks' ability to provide capital and...

Nigeria reforms capital importation to attract foreign investors

Nigeria’s central bank Monday will start issuing electronic certificates for capital imported into the country, in a bid to improve its currency transfer process,...

Nigeria was faced with depression, says ex-CBN Director

Titus Okunronmu, a former Director, Budgetary Department, Central Bank of Nigeria (CBN), said on Wednesday that Nigeria’s economy had been experiencing depression rather than...

Eid-el-Kabir: CBN injects $547m into Forex market this week

Central Bank of Nigeria, (CBN), has given the Nigerian currency, the Naira, another big boost on Thursday, through the injection of $297m into the...
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Naira extends gain at parallel market, strengthened at NAFEX

After trading between 368 and 370 for over a week, the Nigerian currency, Naira, on Wednesday, extended gains recorded at the parallel market, while...

Apprehension as CBN fails to update external reserves figures for two weeks

All eyes are on the Central Bank of Nigeria (CBN) for the release of the latest foreign exchange reserve figures. The apex bank is...

Naira relapsed, down at official market, NAFEX window

.As turnover at I&E FX window gains $67.12mAfter recording a rebounded rate at the Nigeria Autonomous Foreign Exchange Fixing (NAFEX) window a day before...

Unity bank enhances rural economy with NIRSAL savings’ account

There is no gainsaying that the creation of several intervention schemes by the Central Bank of Nigeria will boost economic diversification and reduce over...

Overnight lending rate drops as new banking instruments debut

Following the spike to almost 100 per cent at the mid of last week, the nation’s overnight lending rate on Friday, dropped to 12...