Culled—Proshare November 14, 2018/FBNQuest Research Today’s chart shows the stability in the fx market since the launch of the CBN’s reforms in Q1 2017. That stability has been maintained by the CBN despite the US$6bn depletion of official reserves since the end of June. The retreat of some foreign portfolio […]
Money Market
CBN Says Banks Sort Code in Different State Branches to Carry Same Code
November 14, 2018/CBN Kindly refer to the CBN circular of September 18th, 2018, where the Bank communicated the approval of the second edition of the Nigerian Cheque Standard (NCS) and Nigerian Cheque Printers Accreditation Scheme (NICPAS), and the subsequent implementation guidelines. In furtherance of the Bank’s effort to increase efficiency […]
CBN Injects Another $210m into Forex Market
Culled—Proshare November 13, 2018/CBN In its latest round of intervention, the Central Bank of Nigeria (CBN) on Tuesday, November 13, 2018, injected the sum of $210 million in the inter-bank foreign exchange market. Figures obtained from the CBN indicate that the authorized dealers in the wholesale segment of the market […]
