CBN to punish banks for forex infractions

Godwin Emefiele, CBN Governor   The Central Bank of Nigeria on Monday threatened to sanction any Deposit Money Bank found in breach of its earlier directive of March 3, 2017 instructing them to, among other things, open teller points for retail forex transactions and to have electronic display boards in all their branches, showing rates […]

CBN lifts Naira with $250m

The Naira yesterday received a major boost as the Central Bank of Nigeria (CBN) injected $250 million into various segments of the interbank foreign exchange market.  Meanwhile, the naira recorded mixed performance in parallel market and Investor and Exporters (I&E) window yesterday. While the naira remained stable at N365 per dollar at the parallel market, […]