Browsing: CBN

Nigeria’s Balance of Payments Declined by 38% to $4.23bn Nigeria’s balance of payment position remained in surplus at USD4.23 billion…

The Central Bank of Nigeria (CBN) cut interest rates on Nigerian Treasury bills across the 182- and 364-day tenors at the midweek auction, according to details from the results release.

CBN to Open N1.05trn Nigerian Treasury Bills for Subscriptions The Central Bank of Nigeria (CBN) is set to conduct its…

The naira showed remarkable strength, appreciating by 0.99% to close at ₦1,344.42 per dollar in the Nigerian Foreign Exchange Market (NFEM). This upward trend reflects a positive shift in currency sentiment within the regulated market, with foreign payments slowing relative to US dollar volume.

The naira gained on Friday, closing at N1366 per dollar at the official market on Friday from N1371, following the latest round of FX market interventions.

CBN Directs Banks to Block Loan Defaulters from Accessing Credit The Central Bank of Nigeria (CBN) has instructed commercial banks…

The Central Bank of Nigeria (CBN) mopped up $200 million in naira equivalent at the foreign exchange market as part of an effort to stabilise the local currency.

The Central Bank of Nigeria (CBN) is set to conduct its second Treasury Bills auction for the month on Wednesday, with a total offer of N850 billion in the bucket for subscription.

The Central Bank of Nigeria (CBN) conducted an auction for N600 billion in OMO bills on Monday as part of its strategy to reduce excess liquidity in the financial system.

Deposit money banks (DMBs) and foreign portfolio investors (FPIs) are actively positioning for the Central Bank of Nigeria (CBN) open market operations in the new week amid high liquidity in the financial system.