By InvestAdvocate Lagos (INVESTADVOCATE)-The total value of electronic funds transfer in Nigeria has risen to N80 billion per day, the Central Bank of Nigeria (CBN) has said. This, according to the apex bank shows the growing acceptance of the cashless policy, which has facilitated such growth, by a lot of […]
Tag: Central Bank of Nigeria
CBN sells N157bn T-bills at lower yields
The Central Bank of Nigeria sold N157.05bn ($994.62m) worth of treasury bills on Wednesday at yields lower than its previous auction on the back of strong demand from offshore investors and local fund managers. The CBN sold N22.05bn in 91-day notes at a return of 10.30 per cent, marginally lower […]
Sanusi Projects Mixed Outlook for Nigeria’s Forex Reserves
The Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, Tuesday restated that volatility of global oil prices and weak output performance in domestic economy are factors that may jeopardise Nigeria’s foreign exchanges reserves accretion. Nigeria’s forex reserves, which slipped marginally to $48.723 billion on Monday, […]
