Video / Wed, 18 Jan 2017 13:59:41 GMT
According to the Vice President of the Federal Republic of Nigeria, Yemi Osibanjo, the government is talking to CBN on the need to close the gap between the official and black-market exchange rates. Is the unification set to happen this year?
Video / Tue, 10 Jan 2017 08:19:46 GMT
Nigeria's Central Bank plans to meet bureau de change operators today to explore ways to eliminate the gap between the official and parallel market dollar rates.
Video / Tue, 29 Nov 2016 11:10:57 GMT
Nigeria urgently needs to cut down on its huge imports and encourage more exports to avert a balance of payment crisis. These were the words of Obadiah Mailafia, former deputy central bank governor.
Video / Mon, 28 Nov 2016 14:11:23 GMT
The naira has lost about 85 per cent of its value in the last two years. That's according to the Director, Banking and Payment System at CBN, Tokumbo Martins.
Video / Mon, 28 Nov 2016 11:25:02 GMT
Nigeria's President Muhammad Buhari will on Thursday this week present to the National Assembly, the Medium Term Expenditure Framework and Fiscal Strategy Paper, which give a broad view of government's economic plan for the next three years.
Video / Wed, 23 Nov 2016 13:57:04 GMT
The Central Bank of Nigeria has announced that it cannot meet the country's monthly demand for $4.8 billion foreign exchange and it only met 13.75 per cent of the demand in September.
Video / Wed, 23 Nov 2016 10:49:40 GMT
Nigeria's monetary policy committee in its last meeting for the year unanimously voted to retain all monetary policy instruments. Temitope Oshikoya, CEO, Nextnomics joins CNBC Africa for more.
Video / Tue, 22 Nov 2016 14:13:36 GMT
The Central Bank of Nigeria Governor Godwin Emefiele, on Tuesday announced to keep benchmark interest at 14 per cent, and maintained existing cash reserve ratios for commercial banks at 22.5 per cent.
Video / Thu, 10 Nov 2016 14:15:21 GMT
In efforts to reduce forex woes, Central Bank of Nigeria's has instructed Bureau De Change operators to sell forex at no more that 400 to the dollar. Can this work and how will the CBN regulate operators across the country?
Video / Tue, 04 Oct 2016 08:11:11 GMT
The naira came under immense pressure last week, tumbling to a record low of 490 naira to the dollar with the central bank issuing guidelines to the proper usage of domiciliary accounts.
Video / Fri, 23 Sep 2016 14:04:38 GMT
According to the advisory National Economic Council, Nigeria's Central Bank should adopt a "special monetary policy" to tackle inflation and foreign exchange rates.
Video / Thu, 22 Sep 2016 07:59:15 GMT
At the launch of the Afrinvest Nigeria banking sector report, the Emir of Kano and former governor of the CBN, Muhammadu Sanusi II spoke about the recent move by the Central Bank of Nigeria to hold rates.
Video / Wed, 21 Sep 2016 08:02:31 GMT
Nigeria's Monetary Policy Committee kept it benchmark interest rate at 14 percent, defying calls for lower rates by the finance minister.
Video / Tue, 20 Sep 2016 14:17:03 GMT
The Central Bank of Nigeria's Governor Godwin Emefiele, on Tuesday announced that the bank will keep the benchmark interest rate at 14 per cent, and also maintained existing cash reserve ratios for commercial banks at 22.5 per cent.
Video / Mon, 05 Sep 2016 08:29:37 GMT
The Central Bank of Nigeria rolled out new guidelines for foreign investment inflows. The new guidelines allows foreigners to invest in Treasury bills, government bonds, commercial papers and other instruments.
Video / Thu, 01 Sep 2016 11:29:06 GMT
Nigeria's central bank on Wednesday ended the suspension of eight lenders banned from the inter -bank currency market for failing to remit money owed to the government.
Video / Thu, 01 Sep 2016 08:13:57 GMT
The Central Bank of Nigeria has reinstated the 9 banks recently suspended from the foreign exchange market, as the Apex banks says it is satisfied with the banks' repayment plans to the Treasury Single Account.
Video / Thu, 25 Aug 2016 14:03:57 GMT
Nigeria Stock Exchange All Share Index slipped into negative territory for the first time this week. Could this be profit-taking or is this reflecting investors' reaction to the central bank's ban of nine banks from the inter-bank market?
Video / Tue, 23 Aug 2016 13:57:12 GMT
The Central Bank of Nigeria is currently stress testing banks to assess their liquidity ratios, capital adequacy and strength.
Video / Fri, 19 Aug 2016 14:07:21 GMT
The right model for the implementation of bancassurance in Nigeria has fuelled a major disagreement between CBN and the country's National Insurance Commission.
Video / Fri, 19 Aug 2016 14:06:45 GMT
Nigeria's naira tested a new record low on Thursday and forward contracts showed that traders expect further weakness despite CBN's efforts to stabilize the economy.
Video / Thu, 11 Aug 2016 16:25:27 GMT
Nigeria's Central Bank in September 2015 issued a fresh commercial banking licence to the promoters of Suntrust Bank.
Video / Wed, 10 Aug 2016 14:33:57 GMT
The Central Bank of Nigeria has capped the commission on forex sales by Bureau De Change operators in the country at two percent in the latest of a string of actions designed to improve forex liquidity and manage supply.
Video / Tue, 09 Aug 2016 08:14:14 GMT
The news of the Central Bank's directive to banks and authorised FX dealers to sell the Pilgrims Travel Allowance at a concessionary exchange rate of N197 per U.S dollar has been received with mixed feelings among stakeholders in the economy.
Video / Mon, 08 Aug 2016 14:18:36 GMT
In a bid to boost liquidity and stabilise the naira, the Central Bank of Nigeria directed bank agents to the three approved International Money Transfer Operators, to sell foreign currency from inward money remittances to bureau de change operators.