Money Market

CBN releases additional $250m for Forwards market

Culled—Proshare Tuesday, April 11, 2017/ 8.30 PM / CBN The Central Bank of Nigeria (CBN) on Wednesday, April 12, 2017, released additional $250 million on 7 to 30-day forwards for agriculture, airline, petroleum products and raw materials. The Bank also called for bids for wholesale spot for $100 million for […]

Buhari Nominates Non-Executive Directors Of CBN

April 12, 2017/The Will President Muhammadu Buhari on Wednesday forwarded the names of six persons to the Senate for confirmation as Non-Executive Directors of the Board of the Central Bank of Nigeria, CBN. According to a statement issued by the President’s Special Adviser on Media and Publicity, Femi Adesina, his principal acted […]

CBN Sells $100m to SMEs

Culled—Proshare April 12, 2017/CBN … makes $100m spot wholesale … May open window for dividend remittances Small and Medium Enterprises (SMEs) in the country involved in the importation of critical and eligible finished and semi-finished goods can now heave a sigh of relief as the Central Bank of Nigeria (CBN) […]