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CBN Injects $11.24bn To Economy In Seven Months
Date from the Central Bank of Nigeria has shown that the apex bank injected $11.24 billion into the economy to stabilise the value of the naira from January 2022 to July. This was contained in the banking regulator’s monthly economic reports on foreign exchange market developments. In the first five months of the year, CBN…
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CBN Commits $16.9bn To FX Market In H1’22
The Central Bank of Nigeria, CBN, has disbursed about $16.9 billion in its foreign exchange market interventions and statutory obligations in the first half of 2022, H1’22. This is about 4.0 percent drop against $17.6 billion sold in the corresponding period of 2021, H1’21. Details of the transactions show the amount covers the inter-bank window…
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CBN Disburses N1.452trn For 337 Real Sector Projects
The Central Bank of Nigeria has said it had disbursed N1.452 trillion to 337 large real sector projects. These sectors include agriculture, manufacturing, services, and mining under the Real Sector Support Facility as part of the effort to diversify the nation’s economic base. The CBN, Director, Corporate Communications Department, Osita Nwanisobi, who disclosed this during…