CBN to Commence Bi-weekly Auction of Chinese Yuan

Following the $2.5 billion bilateral currency swap agreement signed last month between the Central Bank of Nigeria (CBN) and the People’s Bank of China (PBoC), the CBN Thursday announced plans to start bi-weekly auctions of the Chinese yuan. The CBN...
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CBN Releases List of Items Valid for Forex

The Central Bank of Nigeria (CBN) yesterday released a list of items that can source foreign exchange (forex) from the market. The list, sent to all authorised dealers, Nigeria Customs and the public, has 36 categories. It is endorsed by...
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Nigeria Retains Interest Rate at 14 Percent

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the apex bank will continue to come up with policies to strengthen the naira. The CBN Governor added that he expects the naira to stabilise while inflationary...
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