Browsing: CBN

MPC: CBN to Keep Interest Rate on Unchanged- Analysts The monetary policy committee (MPC) of the Central Bank of Nigeria…

Naira Rises to N1,510 after $181mn FX Sales to Banks The naira rose moderately against the US dollar to settle…

The naira dived low against the dominant foreign currency, US dollar due to tight forex supply.  The naira lost ₦2.88 to close at N1,512.58 in the official market on Monday as US dollar demand overshadow total amount of foreign currency in the supply bucket.

The Central Bank of Nigeria (CBN) intervened in the foreign exchange market with the sales of $66 million to authorised dealer banks.

CBN Affirms Keystone Bank’s Stability Following Court Order The Central Bank of Nigeria (CBN) says Keystone Bank Ltd. remains safe,…

Central Bank Raises N1.4trn from OMO Bills Auction The Central Bank of Nigeria (CBN) raised N1.4 trillion from OMO bills…

Interbank Rates Diverge Amidst Huge Liquidity Deficit The short term benchmark interest rates diverged on the back of relatively lower…

Investors Park Funds in Nigerian Bonds Ahead of Inflation Demand for Nigerian government bonds on the rise amidst expectation that…

CBN Releases Updates on ATM Charges, Cancels Free Withdrawal The Central Bank of Nigeria (CBN) has released new updates on…

The naira lost N26 on each US dollar to settle at N1,501.61 in the foreign exchange (FX) market due to demand pressures. The market US dollar liquidity shortfall extended throughout the previous, which triggered Central Bank (CBN) intervention in the official window.