Tag: Central Bank of Nigeria
Naira bounces 5bps w/w at NAFEM as CBN sells US$95 million...
SAT OCT 26 2024-theGBJournal| The naira rose by 5bps w/w to N1,600.00/US$1 by the close of trading on Friday at the Nigerian Autonomous Foreign...
CBN says no deadline on circulation of old series of Naira...
...The apex bank suggested strongly in a statement issued by its Acting Director, Corporate Communications, Mrs Sidi Ali- Hakama, that ''such claims are false...
House of Reps ask CBN to increase the issuance of new...
THUR OCT 24 2024-theGBJournal| The House of Representatives Thursday urged the Central Bank of Nigeria (CBN) to increase the supply of new N200, N500,...
Naira gains 2.5% w/w after CBN’s USD64.00 million intervention; FX reserves...
SAT OCT 19 2024-theGBJournal| The naira appreciated this week by 2.5% w/w to N1,600.78/USD at the Nigerian Autonomous Foreign Exchange Market (NAFEM) following the...
Treasury Bills yield spikes by 115bps to 24.3% as liquidity dearth...
...Across the market segments, the average yield advanced by 42bps to 23.1% in the NTB segment and increased by 192bps to 25.7% in the...
Analysis| Ways & Means loans, and the devastating rise in inflation
...Ways Means loans are loans from the Central Bank of Nigeria to government. Used excessively and we argue they have been in recent years...
Nigeria service sector activity accelerates as Purchasing Manager’s Index expands to...
SAT OCT 05 2024-theGBJournal| The Central Bank of Nigeria's (CBN) Purchasing Manager’s Index (PMI) report for September indicate private sector activities remained resilient as...
FOREX| CBN makes total FX spot sale of US$543.5 million to...
...US$39 million was sold on September, offered at the rate of N1580.00/US$-1605.00/US$.
...US$17.500 million was the lowest amount sold (September 23,2024), offered at the rate...
Total inflows into NAFEM dips 7.1% m/m to US$2.17 billion in...
SAT OCT 05 2024-theGBJournal| Based on data from FMDQ, total inflows into the Nigerian Autonomous Foreign Exchange Market (NAFEM) declined by 7.1% m/m to...
Analysis| The Central Bank of Nigeria and the Naira/US dollar rate
...Could the Central Bank of Nigeria (CBN) organise a rally in the Naira/US$ exchange rate, using its substantial US dollar reserves, which have been...
