Category Archives: CBN

Invest in FGN bond, Sukuk, CBN tells Nigerians

BY Kelechukwu Ihuomah The Central Bank of Nigeria CBN has called on Nigerians to invest in the Sovereign SUKUK bond offered by the Federal Government, saying that it was geared towards infrastructural development. Speaking at a one-day investors’ forum convened by the Debt Management Office, DMO, in Kaduna, Deputy Director, Financial Markets Department of CBN, […]

CBN to sell N917.1bn treasury bills in 3 months

By Elizabeth Adegbesan THE Central Bank of Nigeria (CBN) has revealed plans to sell N917.1 billion worth of treasury bills in the next three months ending November 30. The apex bank disclosed this through its fourth quarterly Treasury Bills Issuance programme released yesterday. CBN issues treasury bills twice a month to help the government fund […]

Naira depreciates as CBN injects $250m

By Babajide Komolafe The naira, yesterday, depreciated against the dollar in the parallel market as well as in the Investors and Exporters (I&E) window, even as the Central Bank of Nigeria (CBN) injected $250 million into the interbank foreign exchange market. Vanguard investigation revealed that the naira depreciated against the dollar by N2 in the […]

CBN introduces e-certificate of capital importation

By Adaeze Okechukwu The Central Bank of Nigeria (CBN) has introduced Electronic Certificate of Capital Importation (eCCI) platform in a bid to boost foreign investment inflows to Nigeria. Director, Trade and Exchange, CBN, Mr W.D Gotring, disclosed this last Friday in a circular titled: ‘‘Implementation of Electronic Certificate of Capital Importation (eCCI) platform”. The circular stated: “In […]

Naira stable as CBN injects $250m

By Babajide Komolafe The Central Bank of Nigeria (CBN), yesterday, injected $250 million into the foreign exchange market. Meanwhile, the naira remained stable against the dollar in the parallel market and in the Investors and Exporters (I&E) window of the foreign exchange market. Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okorafor, announced the intervention […]

CBN Injects $250m into Forex Market

… promises more sales ABUJA – The Central Bank of Nigeria (CBN), Monrday, intervened in the Inter-Bank Foreign Exchange Market to the tune of $250m in three segments of the market. Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele In the wholesale segment of the inter-bank Foreign Exchange market, it sold $100m and also […]

CBN chief raps entrepreneurs for shunning FG’s N200bn

By Demola Akinyemi ILORIN—The Federal Government weekend blamed Nigerian entrepreneurs for refusing to take advantage of the N200 billion made available by the Central Bank of Nigeria, CBN, for them to improve their lives and wriggle out of the current economic recession. Head, Entrepreneur Development Centre arm of Central Bank of Nigeri, CBN, in Ibadan […]

Why CBN interventions fail to save Naira

Financial experts have diagnosed plausible reasons for the steady depreciation of the nation’s currency in spite of series of interventions by the Central Bank of Nigeria (CBN) in the foreign exchange market. The experts told newsmen on Wednesday in Lagos that a single market rate, among others, was required to reverse the depreciating trend of […]