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Thursday, January 23, 2020

Forex Crisis: Expert Seeks CBN Review of Ban on 41 Items

A financial expert has called on the Central Bank of Nigeria (CBN) to review the foreign exchange restriction placed on 41 items imported into...

Fears as Naira Weakens to N490/$, 590/£

The Naira on Wednesday weakened to N490 to a dollar at the parallel market after appreciating to N485 to a dollar during the Christmas...

External Reserves Rise Further, Now $25.4bn

The nation’s foreign exchange reserves have risen further to $25.4bn, according to the latest data obtained from the website of the Central Bank of...

External Reserves Hit $25.2bn as Dollar Shortage Bites

The nation’s foreign exchange reserves have risen to over three-month high of $25bn, according to data on the website of the Central Bank of...

Naira Falls to N492 Against US Dollars

The Naira on Wednesday fell further to N492 to a dollar at the parallel market, from N490 it closed on Tuesday, the News Agency...
Naira Dollar

Naira Tumbles to 490 as Dollar Shortage Continues

Naira Before falling to 487 on Friday, the local currency had consecutively closed flat at 485 for four days last week. The severe shortage of the...

CBN Charges Stakeholders to Checkybercrimes

Central Bank of Nigeria (CBN) Deputy Governor, Operations, Mr. Adebayo Adelabu, has charged members of the Nigeria Electronic Fraud Forum (NeFF) to work harder...
Naira Dollar

Naira Closes at 485 as Dollar Scarcity Persists

The naira closed flat at 485 against the United States dollar at the parallel market on Wednesday, three trading days after the local currency...
cbn

External Reserves Hit Three-month High, Near $25bn

The nation’s foreign exchange reserves have risen to a three-month high of $24.97bn from a low of $23.89bn on October 19, the latest data...

CBN to Unveil N30bn Agric/SME Fund in January

The Central Bank of Nigeria has said it will, together with the Deposit Money Banks, set up a new fund to boost agriculture and...

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...