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Tag Archives: Central Bank of Nigeria

CBN Adopts New Cash Reserve Measure

THE Central Bank of Nigeria (CBN) on Friday said that it will no longer be debiting daily amounts from the Cash Reserve Ratio and will instead be implementing an improved Cash Reserve Requirement method. Newsextra24 reports that the action is meant to make it easier for banks to plan, monitor, and …

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Naira Appreciates significantly After CBN Intervention

THE Naira closed the week positively, appreciating marginally against the US Dollar at the Foreign Market amid the Central Bank of Nigeria’s sweeping policy interventions. Data from FMDQ showed that the Naira appreciated N1,435.53 per US Dollar on Friday from N1461.90 on Thursday. This represents a 1.8 per cent or …

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