Tuesday, September 27, 2022

DMO Raises N1.18tr to Fund Economy

The Debt Management Office (DMO) says it has raised the entire N1.18 trillion domestic component of the 2016 approved borrowing to fund the economy...
Adeosun Udoma

$30bn Loan: FG Turns to IMF, World Bank

The Federal Government has said it was looking the way of the International Monetary Fund, IMF, and the World Bank for some of its...

ECOWAS Central Bank Govs Meet Over Single Currency

The ECOWAS Convergence council will hold an ordinary session tomorrow in Abuja to determine the progress made in implementing the roadmap of the Community’s...

Intervention Funds: Emefiele Warns Banks Against Charging Above 9%

The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, has warned Participating Financial Institutions (PFIs) in the country against charging double-digit interest on...
Godwin Emefiele CBN Governor

CBN Hints on Plans to Restructure Commercial Agricultural Credit Scheme

‎The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele has disclosed that the apex bank, under its Commercial Agricultural Credit Scheme (CACS) has...

Stock Market Posted N660bn Loss in November

The bearish trend in the Nigerian equities market persisted in the month of November, leaving investors with a combined loss of N660bn. The market has...

‘Govt has N2.66trn Credit Balance in TSA Account

The federal government’s account balance is in excess of N2.66 trillion at the Central Bank of Nigeria (CBN), document received by Daily Trust has...
Godwin Emefiele CBN Governor

CBN to auction dollars for fuel import

The Central Bank of Nigeria (CBN) has asked banks to submit bids for a "special currency auction" targeting fuel importers to meet demand for...

CBN to Sanusi: ‘We Don’t Allocate Dollars’

In reaction to allegations of former Central Bank of Nigeria (CBN) Governor and Emir of Kano, Alhaji Sanuasi Lamido, the CBN said it does...

Oil Stocks Rise as NSE Capitalisation Adds N2bn

Trading on the floor of the Nigerian Stock Exchange closed on a positive note on Thursday as oil and gas stocks led gains in...

Naira Faces Further Pressure Against Dollar

The naira is seen weakening further against the United States dollar next week amid a crackdown in the parallel market currency traders and the...
Naira Dollar

Naira Appreciates at Interbank Market

The Nigerian local currency, Naira has gained 50k to exchange at N305.00 to a dollar at the interbank market on Monday November 21, 2016. The...
cbn

Rates, inflation top agenda as CBN committee meets

Regulator to retain high benchmark rate over high prices foreign exchange crisis, rising consumer prices and artificial lending rates set by commercial banks will...
Godwin Emefiele CBN Governor

Emefiele: With Inflation at 18.3%, It’s Not Rational to Cut Interest Rate

As the Central Bank of Nigeria’s Monetary Policy Committee (MPC) prepare to commence its last meeting for 2016 tomorrow, the CBN Governor, Mr. Godwin...

CBN to Provide N750bn for Agric Bank Recapitalisation

The Central Bank of Nigeria is to provide about N750bn for the recapitalisation of the Bank of Agriculture before the end of next year,...

FG Proposes Jail Term for Dollar Hoarders

The Federal Government has proposed an amendment to the Foreign-Exchange Act to enable the imprisonment of anyone who holds foreign currencies, especially the dollar,...

Naira Appreciates after DSS Action on Currency Dealers

Despite last week’s raid and arrest of some licensed currency dealers who were said to be selling foreign exchange (FX) above the prescribed limit,...
Naira Dollar

DSS Raids Forex Dealers in Lagos, Abuja

Operatives of the Department of State Security on Thursday arrested some unregistered Bureau De Change operators in Lagos and Abuja. Also raided by the DSS...
cbn

CBN Fines Standard Chartered Bank N2bn for FX Infraction

...Meets BDCs over rates convergence The Central Bank of Nigeria has fined Standard Chartered Bank N2billion for foreign exchange infraction, THISDAY report. The bank, according to...

CBN Warns Against Illegal Money Transfer Operators’ Patronage

The Central Bank of Nigeria has again warned against the patronage of illegal money transfer operators, stating that the development was undermining its efforts...