Tag Archives: monetary policy.

In the face of rising demand for foreign exchange for both goods and services by Nigerians, the Central Bank of Nigeria (CBN) has advised Nigerians to resist the urge of succumbing to the speculative activities of some players in the foreign exchange market. Speaking with newsmen in Abuja on Thursday, …

In the face of rising demand for foreign exchange for goods, services, and other needs, the Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele says monetary policy alone cannot wholly address the country’s foreign exchange challenges. Mr. Emefiele disclosed this in a keynote to the maiden bi-annual Non-Oil Export …

The Central Bank of Nigeria (CBN) has stated that excessive borrowing by the Federal Government from the CBN’s Means and Ways Advances window could frustrate its monetary policy. The CBN, as the Federal Government of Nigeria’s banker, handles the majority of the government’s banking business both inside and outside Nigeria. …

…Strengthens supervision of banks’ compliance with new forex regime The Central Bank of Nigeria (CBN) yesterday dispelled speculations that it was planning to convert the foreign currency (FX) in domiciliary accounts of bank customers into naira. The bank further assured members of the public that it would monitor the commercial …

The federal government of Nigeria’s (FGN) repeated recourse to its Ways and Means facility (WMF) with the central bank (CBN) highlights weaknesses in public finance management, says Fitch Ratings. Sustained use of direct monetary financing could raise risks to macroeconomic stability – given the current weak institutional safeguards – but …