Posted on Thu 21 Jun 2018, 11:18 AM

The Central Bank of Nigeria (CBN) has made available the sum of $210million, to meet customers’ requests in various segments of the foreign exchange market.

In its desire to meet customers’ needs in the various segments of the market, the CBN offered $100million to authorized dealers in the wholesale segment of the market, while the Small and Medium Enterprises (SMEs) segment got boosted with the sum of $55 million.  

Posted on Fri 15 Jun 2018, 05:23 PM

The retail Secondary Market Intervention Sales (SMIS) has received a boost of $343.06 million from the Central Bank of Nigeria (CBN), following the Bank’s intervention in the Foreign Exchange market on Thursday, June 14, 2018. 

Figures obtained from the Bank indicate that the amount released was for requests in the agricultural, airlines, petroleum products and raw materials and machinery sectors.

Posted on Fri 8 Jun 2018, 11:26 PM

President Muhammadu Buhari has approved the nomination of Mr. Folashodun Adebisi Shonubi as Deputy Governor at the Central Bank of Nigeria subject to Senate confirmation.

Mr. Folashodun Shonubi is currently the Managing Director of the Nigeria Inter-Bank Settlement System  Plc (NIBSS) – the financial payments, facilitation and settlement platform – which has been instrumental to the growth in electronic payments in the Nigerian financial industry.

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