Nigerian interbank lending rates were flat at an average of 12 per cent last week as a slowdown in foreign exchange demand and the repayment of mature treasury bills boosted naira liquidity. The Central Bank of Nigeria sold a combined $95m to lenders at its two auctions this week, far […]
Tag: Central Bank of Nigeria
CBN monetary policy: Boosting external reserves, hurting businesses – Analysts
The monetary policy adopted by the Central Bank of Nigeria has impacted positively on Nigeria’s foreign exchange reserves but businesses are faced with high cost of borrowing, writes Okechukwu Nnodim Economists and financial analysts have expressed varied views regarding the determination of the Central Bank of Nigeria to maintain its […]
Forex: CBN supplied $7.05bn in Q2
The Central Bank of Nigeria supplied a total of $7.05bn in foreign exchange in the second quarter of 2012, compared to $6.82bn offered in the first quarter, representing a decline of 3.37 per cent. The CBN, in a publication on Thursday, titled, “Developments in the external sector of the Nigerian […]
