Nigeria Central Bank Takes over Board of Skye Bank
The Central Bank of Nigeria (CBN) has taken over a local bank, Skye Bank, citing ‘‘persistent failure of the bank to meet minimum thresholds in […]
CBN
Nigerian President Rejects Naira Devaluation
Nigeria’s president Mohammed Buhari on Wednesday rejected calls to devalue the country’s currency, the Naira. While on a state visit to Kenya, Muhammadu Buhari has […]
Nigeria: IMF urges central bank to review forex policy
The African Department Director at the International Monetary Fund (IMF) Antoinette Sayer has called on the Central Bank of Nigeria (CBN) to review its foreign […]
Nigeria: The central bank increases foreign-currency curbs
The central Bank of Nigeria (CBN) has curbed access to the interbank currency market for the purchase of foreign currency bonds as well as a […]
Nigeria’s Central Bank approves initial N152bn release in real sector facility
The Central Bank of Nigeria (CBN) has approved an initial N152 billion loan under its newly set up N300 billion Real Sector Support Fund (RSSF) […]