CENTRAL BANK OF NIGERIA

CBN Sells $195m To Boost Forex Supply
The Central Bank of Nigeria on Monday intervened once again in the foreign exchange Market to boost forex liquidity.
According to the Acting Director, Corporate Communications of the Central Bank, Isaac Okorafor, a total of $195 million dollars was offered.
The acting director said Small and Medium Enterprises segment received $50 million, while the wholesale segment was appropriated $100 million.
The remaining $45 million was allocated to the tuition fees, medical payments and Basic Travel Allowance window.
Okorafor reaffirmed the CBN commitment to rates convergence and price stability.
Last week, the apex bank injected a total of $396.8 million in the various segments of the foreign exchange market.
Experts have said the continuous intervention is aiding consumer prices and general price stability in the country.
Speaking on the effectiveness of the policy, Samed Olukoya, a foreign exchange analyst at Investors King Ltd said: “Pace of increase of the inflation rate has declined for five consecutive months due to the CBN measures at ensuring there is substantial forex liquidity to aid economic activities.”
The consumer prices improved to 16.10 percent from about 19 percent in the last quarter of 2016.
The Naira remains fairly stable, exchanging at an average of N364 to a US dollar in the Bureau de Exchange segment of the forex market.

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BENUE STATE UNIVERSITY ADMISSION INTO POST-GRADUATE SCHOOL 《 ECHEKWU SUNDAY JNR》THE BRIDGE

BENUE STATE UNIVERSITY, MAKURDI-NIGERIA (Postgraduate School) ADMISSION INTO POSTGRADUATE PROGRAMMES 2023/2024 ACADEMIC SESSION Published by ECHEKWU E. SUNDAY JNR Applications are invited from suitably qualified candidates for admission into Postgraduate programmes leading to the award of Postgraduate Diplomas, Masters and Doctor of Philosophy Degrees of the Benue State University, Makurdi for the 2023/2024 academic session. 1. FACULTY OF ARTS a. Department of Languages and Linguistics M.A. Linguistics Full time M.A. French Full time PhD. Linguistics Full time PhD. French b. Department of English Full time M.A. Literature in English Full time PhD. Literature in English c. Department of History Full/Part time M.A. History with specialization in any of the following areas: M.A. History (Nigerian History -Central Nigeria)

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Published by ECHEKWU SUNDAY JNR @ EKUM BLOG The House of Representatives and the Central Bank of Nigeria have agreed that a time limit will no longer apply to the validity of old naira notes after the expiration of the February 10 deadline set by the apex bank. This means that the face value of the old N1000, N500 and N200 notes will continue to be redeemable in compliance with Section 20 (3) of the CBN Establishment Act. Banks will continue to mop up the notes after they cease to be legal tender on February 10 without a time limit. The CBN Governor, Mr Godwin Emefiele, was directed to submit a weekly report on releases of the new notes to commercial banks so that the House could verify claims by the CEOs of the banks that the apex bank had not been releasing enough cash to them. The CBN was also directed to restore over-the-counter transactions by the banks and increase Automated Teller Machine (ATM) cash withdrawal limits in order to fast-track the circulation of the new no

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