Nigeria’s naira headed for its weakest level against the dollar since July 23 as demand increased before the central bank’s second foreign-exchange auction of the week. The currency of the continent’s biggest crude producer retreated 0.2 percent to 160.85 per dollar as of 1:02 p.m. in Lagos, the commercial capital, […]
Tag: Central Bank
CBN to inaugurate N200bn MSME fund Thursday
The Central Bank of Nigeria has said a N200bn Micro Small and Medium Enterprise Fund will be inaugurated on Thursday. The fund, which targets women entrepreneurs for 60 per cent intervention, has credit, insurance, capacity building and interest draw back elements. The bank also unveiled plans to introduce financial literacy […]
CRR: Banks may limit participation in bond market
Capital market analysts have said banks may reduce their positions in the fixed income market after the implementation of the Central Bank of Nigeria’s 50 per cent Cash Reserve Requirements on public sector deposits took effect on Wednesday. According to analysts at Meristem Securities Limited, in a report on the […]
