CBN

Currency Swap Agreement Between Nigeria and China: What you need to know

The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, in May, announced a landmark three-year bilateral currency swap agreement with China worth 15...

CBN urges Nigerians to report banks that refuse to sell Forex

The Central Bank of Nigeria (CBN) has urged Nigerians to report any bank that refuses to sell BTA/PTA and Forex for pilgriage at...

Currency Swap: Central Bank of Nigeria Signs Historic Agreement with the People’s Bank of China (PBoC)

The Central Bank of Nigeria (CBN) and the Peoples Bank of China (PBoC) last Friday signed a bilateral currency swap agreement for up to $2.5bn,...

In Photos: A Look at CBN Governor Emefiele at the World Bank, IMF Spring Meeting

Per Second News Here’s a look back at what happened during World Bank/IMF Spring meeting in Washington.            

CBN raises forex market with $210 million

The Central Bank of Nigeria (CBN) has made available the sum of $210million, to meet customers’ requests in various segments of the foreign...

Bitcoin value falls after CBN Governor’s warning

Bitcoin value plunged in Friday trading sliding below $8,000 after Nigeria’s Central Bank Governor, Mr Godwin Emefiele, cautioned would-be investors in Nigeria to be...

10 Things To Know About Newly Appointed Deputy Central Bank Governor, Mr Edward Adamu

President Muhammadu Buhari Thursday tapped Mr EDWARD AMETEK ADAMU, as the new deputy central bank governor. Here are 10 things to know about the new...

Planning to Invest in Bitcoins? CBN Governor Emefiele Says Be Cautious, ‘Its A Gamble’

Many investors in Nigeria are asking: Should I buy bitcoins or other cryptocurrencies? And if not, why? The current craze for cryptocurrencies seems...

Nigeria’s economic indicators remain positive despite MPC meeting crisis

Nigeria’s economic growth gains traction in spite of uncertainty over the meeting of the Monetary Policy Committee,  MPC, scheduled for this week. The...

Buhari hails CBN’s forex intervention…highlights 2017 achievements

President Muhammadu Buhari Tuesday hailed forex reforms at the Central Bank of Nigeria, CBN, during the presentation of the 2018 ‘Budget of Consolidation’...

Nigeria’s Economy Shows Steady Growth Fueled by Key CBN Reforms- Global Business, Financial Leaders

Washington —- Nigeria’s Central Bank Governor Godwin Emefiele, who is credited with the phenomenal growth of the Nigerian economy within the last two...

CBN considers tougher sanctions against banks hoarding forex

[dropcap]T[/dropcap]he Central Bank of Nigeria (CBN) Friday said it is reviewing ways to toughen sanctions against financial institutions in the country that hoards foreign exchange...

CBN to sell N62.4 billion in Treasury bills next week

[dropcap]T[/dropcap]he federal government will at an auction next Wednesday, sell N62.43 billion naira ($171 mln) of treasury bills, according to the central bank....

Despite IMF’s Forecast, Nigeria Economy To Grow 2.2 Per cent in 2017 Says FG

[dropcap]T[/dropcap]he federal government expects the economy to grow 2.2 percent this year, according to a strategy document cited by Reuters on Thursday. The...

Easing Will Pull Real Interest Rate Into Negative Territory- Emefiele

…Retains Monetary Policy, Other Policy Parameters. By Gift Olivia Samuel, Per Second News The Governor of the Central Bank of Nigeria(CBN),Mr Godwin Emefiele...

Skye Bank’s Liquidity Position has Stabilized, Says MD…Recovers N60billion from Debtors

[dropcap]S[/dropcap]kye Bank’s liquidity position and prime brokerage deposits have stabilized in recent weeks as it has successfully implemented cost management initiatives which has enhanced...