* Cbank raises banks’ cash reserve requirement to 12 pct * Signs for Nigeria’s economy are ominous – cbank * Cbank says Nigeria unprepared for oil price shock Nigeria’s central bank (CBN) left its benchmark interest rate on hold at 12 percent on Tuesday, as expected, but took […]
Tag: CBN
Nigeria’s CBN sells US$601.1m at WDAS last week
The CBN offered US$650.0m but sold US$601.1m at the WDAS last week – US$350.0m and US$251.1m at Monday and Wednesday’s auctions respectively. The Naira closed flat at N155.94/US$1.00 on Monday, while it gained 4k to the Dollar on Wednesday to close at N155.90/US$1.00. Improved Dollar supply at the interbank market […]
CBN Reports US$3.24 billion FOREX Inflow in April 2012
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Thursday said Foreign Exchange (FOREX) Inflow in Nigeria April 2012 was US$3.24 billion and US$1.75 billion Outflow respectively. This is contained in the CBN’s 2012 April Economic Report obtained by www.investadvocateng.com. The Apex Bank said the US$3.24 billion Inflow […]
