CBN Moves to Restore Investor Confidence, Begins Clearance of FX Forward Backlogs
*Targets to settle outstanding forward contracts next week *Naira appreciates to N1,125/$ on parallel market *Allays fears of currency…
Tag: CBN
Senate comes up with bill to reposition CBN
Wunmi Semudara The National Assembly House of Senate has put forward a bill to stop the Governor of the Central…
$3Billion emergency loan will stabilise naira
Omowunmi Semudara About $3bn emergency loan-for-crude oil is set to be deployed to stabilise the naira, whose value has continued…
CBN: FG Recorded $17.18bn Inflows, N1.43 Trillion Fiscal Deficit in Q1
A total of $17.18 billion was attracted into the Nigerian economy in the first quarter of the year (Q1 2023),…
CBN Alerts Banks on Arrest of Nigerian, Others Over Seizure of Fake $1bn Bound for Africa
The Central Bank of Nigeria (CBN) has alerted banks and other financial institutions of the arrest of a Nigerian and…
CBN Faults JP Morgan’s $3.7bn Estimate of Nigeria’s Net Reserves, Says No Cause for Alarm
The Central Bank of Nigeria (CBN), yesterday, said the recent estimate of the bank’s financial accounts by JP Morgan was…
To Mitigate Risk, Preserve Liquidity, CBN Tells Banks to Stop Granting FX Secured Naira Overdrafts
As part of efforts to guide against foreign currency (FCY) risk as well preserve the scarce liquidity in the foreign…
Federal Government press fresh charges against former CBN Governor
Wunmi Semudara The Federal Government of Nigeria has litigated fresh charges against the former Governor of Central Bank, Mr Godwin…
Forex: CBN Vows to Crackdown on Currency Speculators
The downward slide of the exchange rate of the naira to dollar has attracted the attention of the government at…
FG exceeds statutory limit by N22.9 Trillion – CBN
Wunmi Semudara The Central Bank of Nigeria (CBN) has advanced a N23.18 trillion loan to the Federal Government as at…