Tag: acting director

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CBN Writes MTN To Refund $8.13bn Repatriated Via Forged Papers

CBN Writes MTN To Refund $8.13bn Repatriated Via Forged Papers

• Fines StanChart, Stanbic IBTC, Citi, Diamond Banks N5.87bn Even before paying the fines for its last infraction (sale of pre-registered sim cards...
New CBN DGs, MPC Members Assume Duty

New CBN DGs, MPC Members Assume Duty

Mrs. Aisha Ahmad and Edward Lametek Adamu have formally assumed duty as Deputy Governors of the Central Bank of Nigeria (CBN), following the confirmat...
Forex: CBN Boosts Forex Supply With $195m

Forex: CBN Boosts Forex Supply With $195m

In keeping with its resolve to ensure convergence of the parallel and official exchange rates in the country, as well as exchange stability, the Centr...
CBN Will Continue Seeking Ways Check Interest Rates Surge– Emefiele

CBN Will Continue Seeking Ways Check Interest Rates Surge– Emefiele

The Central Bank of Nigeria (CBN), on Wednesday in Awka, Anambra reiterated its resolve to continue to explore further avenues to ensure that interest...
No Plans To Discontinue Forex Interventions, CBN Assures

No Plans To Discontinue Forex Interventions, CBN Assures

Against the backdrop of media reports and insinuations that the Central Bank of Nigeria (CBN) may have lost steam in its resolve to continue intervent...

Retail Forex Segment Gets $254.3m CBN Boost

The retail segment of Nigeria’s inter-bank foreign exchange market got a $254.3m boost from the Central Bank of Nigeria (CBN) on Friday, July 7, 2017,...

AfDB Says Africa’s Economy Still Resilient, Projects $57bn FDI In 2017

The African Development Bank (AfDB), on Monday began its 2017 annual meetings, with a note of optimism, assuring that the continent remains resilient,...
Aftermath Of CBN Hammer: Banks Woo SME Customers For Forex

Aftermath Of CBN Hammer: Banks Woo SME Customers For Forex

Following the decision of the management of the Central Bank of Nigeria (CBN) to carry out its threat by suspending 14 of the nation's banks from part...
CBN Offers $100m In Wholesale Forwards

CBN Offers $100m In Wholesale Forwards

Encouraged by the seeming positive impact of its latest interventions, particularly stability in the nation’s foreign exchange market, the Central Ban...
CBN Plans Special Window For Dividend, Investment Remittances

CBN Plans Special Window For Dividend, Investment Remittances

• Sells $200m to SMEs, Spot Wholesale In its bid to further boost foreign exchange supply in the country, indications emerged Tuesday that the Cent...
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