Central Bank Of Nigeria

 CBN fails to meet forex needs, demand hits $4.8bn

Video / Wed, 23 Nov 2016 13:57:04 GMT

CBN fails to meet forex needs, demand hits $4.8bn

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.

 Nigeria central bank keeps rates on hold

Video / Tue, 22 Nov 2016 14:13:36 GMT

Nigeria central bank keeps rates on hold

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.

 Can CBN's forex regulation work?

Video / Thu, 10 Nov 2016 14:15:21 GMT

Can CBN's forex regulation work?

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?

 Nigeria central bank keeps rates on hold

Video / Tue, 20 Sep 2016 14:17:03 GMT

Nigeria central bank keeps rates on hold

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.

 Nigeria's CBN woos foreign investors

Video / Mon, 05 Sep 2016 08:29:37 GMT

Nigeria's CBN woos foreign investors

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.

 CBN reinstates suspended banks

Video / Thu, 01 Sep 2016 08:13:57 GMT

CBN reinstates suspended banks

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.

 Market reacts to CBN forex ban on 9 banks

Video / Thu, 25 Aug 2016 14:03:57 GMT

Market reacts to CBN forex ban on 9 banks

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?

 Banking on Nigeria

Video / Thu, 11 Aug 2016 16:25:27 GMT

Banking on Nigeria

Nigeria's Central Bank in September 2015 issued a fresh commercial banking licence to the promoters of Suntrust Bank.

 CBN caps BDC commissions on forex sales at 2%

Video / Wed, 10 Aug 2016 14:33:57 GMT

CBN caps BDC commissions on forex sales at 2%

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.

  CBN orders banks to sell dollar to hajj pilgrims at N197

Video / Tue, 09 Aug 2016 08:14:14 GMT

CBN orders banks to sell dollar to hajj pilgrims at N197

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.

  CBN targets dollar supplies from diaspora

Video / Mon, 08 Aug 2016 14:18:36 GMT

CBN targets dollar supplies from diaspora

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.

 Boosting dollar supply via remittances

Video / Mon, 08 Aug 2016 14:10:46 GMT

Boosting dollar supply via remittances

Following the clampdown on unlicensed Bureau de Change operators last week and the directive to money transfer agents to sell forex to Bureau de Change operators.

 Bearish sentiment in Nigeria's market

Video / Tue, 02 Aug 2016 13:05:55 GMT

Bearish sentiment in Nigeria's market

Treasury bills rates climbed 85 basis points on the short end of the curve as the CBN announced two consecutive open market operation (OMO) auctions during trading hours. Nnamdi Nwizu Co-Managing Partner Comercio Partners joins CNBC Africa for more.