The second over-the-counter foreign exchange futures contract (NGUS AUG 24 2016) with notional amount of $152.48m at $/N310, matured and was settled on the FMDQ platform. This development, FMDQ explained in a statement yesterday, was in line with the OTC Forex Futures Market Framework and...

The Central Bank of Nigeria is in the process of stopping issuers of dud cheques (returned cheques) from opening current account, the Deputy Director, Banking Supervision, CBN, Mr. Stephen Nwadiuko, has said. He said the CBN was working on the credit bureaus in the country...

The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, said that the apex bank did not provide foreign exchange at a subsidised rate for the 2016 hajj pilgrims. Emefiele, according to a statement from the bank, explained that the insinuation that the foreign exchange...

The nation’s external reserves fell marginally to $26.20bn on July 28, down from $26.32 on July 22, data from the Central Bank of Nigeria’s website showed on Monday. Month-on-month, the reserves fell by 0.4 per cent from the $26.34bn recorded on June 29, the report...

The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has enjoined Nigerian youths to emulate the entrepreneurial spirit of Africa’s richest man and industrialist, Alhaji Aliko Dangote. He noted that the government would continue to provide the enabling environment that would create room...

The nation’s external reserves fell marginally to $26.33bn on June 29, down 0.30 per cent from a month ago, the Central Bank of Nigeria data showed. The foreign exchange reserves stood at $26.42bn on May 27, down by 9.2 per cent year-to-year. The reserves had stood...