Forex: Wholesale Segment, Others Get $210 Million Boost
Central Bank of Nigeria (CBN) has offered authorized dealers in the wholesale segment of the inter-bank foreign exchange market the sum of $100 million...
Forex: CBN Boosts Market With $210 Million
The Central Bank of Nigeria (CBN) has again injected the sum of $210 million into the inter-bank Foreign Exchange Market.
Figures obtained from the CBN...
N28.84 Billion Recovered From Failed Bank Debtors – NDIC Boss
The Managing Director and Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, has said that a total of N28.84 billion has so...
CBN Monetary Policy Committee Predicts 1.75 Percent Growth In Nigeria Economy
The Central Bank of Nigeria (CBN) has projected Nigeria’s economy to grow at 1.75 percent within this year, 2018.
The Committee said that the growth...
CBN Establishes Polaris Bank To Take Over ‘Liquidated’ Sky Bank
The Central Bank of Nigeria (CBN) has announced the establishment of Polaris Bank to take over Sky Bank which it said, has been incapable...
NNPC To Police: You Lied, We Don’t Have Hidden $470 Million In Banks
The Management of the Nigerian National Petroleum Corporation (NNPC) has denied what it called ‘misplaced’ allegations by the Nigerian Police that it has recovered $470.5...
Forex: CBN Injects $317.52 Million, CNY 58.40 Million Into Retail SMIS
The Central Bank of Nigeria (CBN) has again, injected a total of $317.52 million in that segment of the market in addition to CNY58.40...
CBN Dialogues With MTN, 4 Banks Sanctioned Over FOREX
The Central Bank of Nigeria (CBN) has embarked on dialogue with the communication giant, MTN and four deposit money banks (DMBs) that were recently sanctioned.
According to the...
Nigeria Suspends National Carrier Project
The Federal Government of Nigeria has announced the suspension of the national carrier project.
Minister of State for Aviation, Hadi Sirika, who announced the suspension...
Forex: Central Bank Pumps $210 Million Into Forex
The Central Bank of Nigeria (CBN) has again intervened in the inter-bank Foreign Exchange Market to the tune of $210 million.
A statement from the...
