Naira Expected to Rise on Improved Dollar Supply
The naira is expected to strengthen this week on improved dollar supply to the market, currency dealers have predicted.
The naira fell to N470 to...
CBN sells N51b T-Bills, Interbank Rate Flat
The Central Bank of Nigeria (CBN) at the weekend, sold about N51 billion ($168 million) worth of treasury bills to mop up liquidity even...
Banks Sabotage CBN’s N800bn Intervention Funds
The federal government, as a way of growing the nation’s economy, had set aside almost N1 trillion as intervention funds for businesses across all...
CBN Goes Tough on e-Banking Fraud, to Blacklist Customers
The Central Bank of Nigeria (CBN) has said it is working on a policy that will ensure that bank customers involved in electronic fraud...
CBN to Sell $500m FX Forwards to Meet Manufacturers’ Pent-up Demand
Desirous of ensuring that manufacturers get the required foreign exchange (FX) for the importation of critical raw materials as well as meeting the pent-up...
Recession: ‘CBN has Deployed Conventional, Unconventional Monetary Tools’
The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, has said the apex bank has fully deployed all conventional and non-conventional monetary policies in...
Naira Hits N460 to Dollar in Blackmarket
Nigeria's naira hit its weakest level on the black market in more than a week at 460 to the dollar on Wednesday, as a...
Currency-in-circulation Rises to N1.794 Trillion
The value of currency-in-circulation increased year-on-year to N1.794 trillion at the end of September 2016, compared with the N1.679 trillion it was at the...
Inflation Rises to 17.85% in September
Nigeria has recorded sustained increase in annual movement in external reserves and Oil Prices as inflation rate rose to 17.85 per cent in September...
CBN to Settle $270.6m FX Futures Contract
The Central Bank of Nigeria (CBN) is expected to settle OTC FX Futures contract to the tune of $270.6 million on the interbank market...
FG begs AfDB to fast-track $1bn loan
The Federal Government has appealed to the African Development Bank to fast-track the $1bn loan facility it promised as support for the implementation of...
FG, States, LGAs share N420bn for September
...As FAAC revenue down by N35.3bn
The federation accounts allocation committee(FAAC) shared the sum of N420 billion among the Federal, States and Local Governments for...
Naira Extends Gain on Parallel Market
The naira continued on the path of appreciation on the parallel foreign exchange (FX) market monday as it closed at N455 to the dollar,...
Coalition of Civil Society Backs Buhari’s Economic Team, CBN’s Monetary Policies
The Coalition of Civil Society Groups in Nigeria have come out in defense of President Muhammadu Buhari’s Economic Team and the monetary policies of...
At N463/$, Improved FX Liquidity Strengthens Naira on Parallel Market
The naira continued on the path of appreciation on the parallel foreign exchange (FX) market yesterday as it closed at N463 to the dollar,...
First Bank Gets Approval to Sell Forex to BDCs
First Bank of Nigeria Limited says it has received the approval of the Central Bank of Nigeria to commence the sale of foreign exchange...
CBN to Bar Errant Bank Customers from Forex Market
…Banks have strong capital buffers, says CBN
The Central Bank of Nigeria has raised concerns about what it called the indiscriminate and suspicious manner some...
Naira Sustains Gain on Parallel Market, Closes at N468/$
The naira continued its appreciation on the parallel market yesterday as it climbed to N468 to the dollar from N470 to the dollar the...
Seven Banks are Undercapitalised, Says Report
A stress test conducted by a Dubai-based international investment bank, Arqaam Capital, has indicated that seven Nigerian banks are undercapitalised to the tune of...
FAAC Distributes N510.2bn in September
The Federation Account Allocation Committee (FAAC) shared the sum of N510.27 billion among the three tiers of government in September this year, being the...
