Posts Tagged ‘CBN’

CBN|$60 billion forex cash keeps Naira stable for 29 months – Godwin Emefiele

by Chuks Azotanion December 4, 2019
The $60 billion inflows from the Investors’ and Exporters’ Foreign Exchange (I&E Forex) Window has contributed to the sustained stability of the naira against world currencies for the last 29 months, the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele has said. Speaking at the 54th Annual Bankers Dinner held in Lagos at the weekend, […]

Central bank injects $323.5 million, CNY 17.9 million into forex market

by Chuks Azotanion December 3, 2019
The Central Bank of Nigeria (CBN) has injected 323.5million dollars into the Retail Secondary Market Intervention Sales (SMIS) for its last intervention for November. The CBN Director, Corporate Communications Department, Mr Isaac Okorafor, made this known in a statement in Abuja. Okorafor said the bank also intervened with CNY 17.9million in the spot and short-tenured […]

CBN targets $4 billion non-oil revenue in 2020

by Chuks Azotanion December 3, 2019
Policy measures to achieve $4 billion in non-oil exports revenue in 2020 are currently being put in place by the Central Bank of Nigeria (CBN). The $4 billion target represents 100% growth when compared with $2 billion non-oil exports revenue achieved in 2019. This plan was disclosed by the CBN Governor, Godwin Emefiele during his keynote address at […]