Tag Archives: Godwin Emefiele

Forex Market Gets CBN’s $210m Boost

The inter-bank Foreign Exchange Market has received the sum of $210million from the Central Bank of Nigeria (CBN), to meet customers’ requests in various segments of the market. In its determination to meet the customers’ needs in the sundry segments of the market, the CBN offered $100million to authorized dealers in the wholesale segment of the market, while the Small ...

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CBN Continues Interventions in FOREX Market, Injects More $210m

The Central Bank of Nigeria (CBN) has stepped into the inter-bank sector of the Foreign Exchange market, yet again, intervening in the wholesale segment and other sectors of the market to the tune of $210 million. Figures released by the Bank on Tuesday, April 24, 2018, reveal that the Wholesale sector of the market got another injection of $100 million, just as the Small ...

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CBN Boosts Retail SMIS with $396.18m

In its relentless move to guarantee liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) has intervened in the Retail Secondary Market Intervention Sales (SMIS) segment of the market to the tune of $396.18million. According to figures obtained from the CBN on Friday, April 20, 2018, the released sum is meant to meet obligations in the agricultural, ...

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CBN Unfolds Plans to Boost Credit to Vulnerable Nigerians

Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has unfolded plans that were geared towards boosting credit to less privileged Nigerians. The CBN Governor, Mr. Goodwin Emefiele mentioned this at the weekend when he was unveiled as The Guardian Economic Personality of the Year 2017. According to a reliable source, the award was given to him in recognition of ...

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Shake Up in CBN As Emefiele Deploys New DGs

Following the appointment of new Deputy Governors and their subsequent assumption of duty on March 28, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has assigned duties to them. The apex bank in a statement on Sunday, signed by the acting Director, Corporate Communications Department of the CBN, Mr Isaac Okoroafor, said Mrs Aishah Ahmad was deployed to ...

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First Bank To Sack 1,000 Staff

Over 1000 staff of First Bank of NigeriNigeria would soon be out of job if the news reaching thestreetreporters.com is anything to go by. The foremost financial institution is planning to cut about 1000 jobs and focus less on providing loans to the oil industry in a bid to reverse  the 2015 financial year’s 82 per cent slump in profit. ...

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