The Parallel Market Should Not Determine Naira Exchange Rate – CBN
“The Nafex rate for the I & E is the accepted window for naira exchange rate” – Godwin Emefiele Nigeria’s economy slid into a second …
Tag: CBN
Forex Scarcity Induces Widening Gap In Naira Exchange Rates
Nigeria endures scarcity, widening gap in exchange rates and a recession The gaps between the official and parallel market rates of the Nigerian Naira continues …
BOFIA 2020 – Updated Act For The Banking and Financial Sector in Nigeria
The updated act for the banking and financial sector in Nigeria The Banks and Other Financial Institutions Act 2020 (BOFIA) assented on November 13 by …
NSE Record 5 Straight Daily Gain, Triggers Circuit Breaker
NSE Record 5 Straight Daily Gain The Exchange appears to be advancing daily through the pandemic when it seems like several stock markets are in …
CBN Will Give N2 Billion Under Agriculture Development Scheme
Participants of the Agriculture Development Scheme will receive N2 billion to develop farmlands and payback with CBN directives. As part of its development mandate, the …
End SARS – Accounts on CBN Freezing List From Court Order
End SARS Accounts Freezing The order from the court in Abuja gives the Central Bank of Nigeria, CBN the power to freeze 20 banks accounts …
CBN – Which business is eligible for the NYIF and who can get fund
The Federal Government had set a few conditions which MSMEs must meet to be eligible for the Nigeria Youth Investment Fund (NYIF). The Central Bank …
CBN: Recently Auctioned Treasury Bills Were At 0.05% and Oversubscribed
Interest rates for recent CBN Treasury Bills was low The rates for the treasury bills which the FG issues through the Central Bank of Nigeria, …
CBN Not Hacked – There was no hack or data breach
The Central Bank of Nigeria, (CBN) has released a statement to clarify that its website was not hacked by the Anonymous hacker as against the …
Naira Values Higher to Dollar at NAFEX, Stable at the Parallel Market
With a recent new supply of dollar to the Bureau De Change operators, the naira has lingered at a stable rate of N465/$1 against the …