Monetary targeting, in principle, remained the framework for monetary management during the first half of 2012. In reality, however, actual implementation of monetary policy adopted an eclectic approach, as attention was focused on both quantity and price variables to achieve the objective of monetary and price stability. In this regard, […]
Tag: Central Bank of Nigeria
Naira Gains on Moderate Dollar Demand
The naira appreciated at both the interbank and parallel market segments of the forex market last week as the Central Bank of Nigeria (CBN) met the dealers’ demand. The value of the naira against the dollar, monitored by THISDAY in Lagos, showed that save for the Wholesale Dutch Auction System […]
CBN Bans Clearing of Financial Instruments of Liquidated Banks WEF Jan’02 2013
By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Central Bank Tuesday prohibited the clearing of Financial Instruments by Liquidated Banks with effect from January 02 2013. This was contained in Circular dated November 27 2012 and signed by Dipo Fatokun, Director, Banking and Payments System Department of the CBN and posted on its website. […]
