MONEY MARKET

  The Central Bank of Nigeria (CBN) on Friday, made an intervention of $268.6million in the retail Secondary Market Intervention Sales (SMIS) and CNY 29.2million in the spot and short tenure forwards segment of the inter-bank foreign market. The Director, Corporate Communications Department, Isaac Okorafor, who made the disclosure said...

  The Naira on Monday remained stable at the parallel market in Lagos, exchanging at N359 to the dollar. The Pound Sterling and the Euro traded at N417 and N402, respectively. At the Bureau De Change (BDC) segment, the naira exchanged at N360 to the dollar, while the Pound Sterling...

  To sanction banks whose ATM pay dirty mutilated Naira notes The CBN Central Bank of Nigeria (CBN) said it would ensure that the Automated Teller Machines (ATM) deployed by banks and other service providers were configured to dispense and accept only genuine and clean  bank notes in all denominations....

The Central Bank of Nigeria (CBN) has decried low deposit mobilisation by microfinance banks (MFBs) in the country. The Director, Other Financial Institution Supervision Department (OFIS), CBN, Mrs. Agnes Martins, said this Thursday at the ongoing 27th seminar for financial journalists in Gombe State. Martins stressed the importance of microfinance...

In continuation of its mediation in the interbank foreign exchange market, the Central Bank of Nigeria (CBN) Wednesday injected the sum of $210 million in to the foreign exchange market to sustain liquidity in that segment of the market. According to the figures released by the Bank, authorised dealers in...

The Central Bank of Nigeria (CBN) on Tuesday injected $210 million into the Inter-bank Foreign Exchange Market in continuation of its sustained intervention to boost liquidity in that segment of the market. The CBN said authorised dealers in the wholesale segment of the market were offered $100 million, while the...

The Central Bank of Nigeria (CBN) said the decision of its Monetary Policy Committee (MPC) to slash the Monetary Policy Rate from 14 per cent to 13.5 per cent was to establish the foundation for the next phase of growth to consolidate on stronger macro-economic structures being built for the...

  The Central Bank of Nigeria (CBN) has injected 210 million dollars into the various segments of the market to sustain its intervention in the Inter-Bank Foreign Exchange Market. CBN’s Director, Corporate Communications, Mr Isaac Okorafor, made this known in a statement on Tuesday Okorafor said that the apex bank...

The Nigeria Deposit Insurance Corporation (NDIC) said its attention has been drawn to a report in the Daily Trust Newspaper of Friday, 8th February, 2019 which alleged a hasty liquidation of Fortis Micro-Finance Bank (MFB). NDIC in a press statement by its Head, Communications & Public Affairs, Mohammed Kudu Ibrahim...

  Nigeria’s pan-African bank United Bank for Africa (UBA) will open a new branch in Mali on Feb. 4, expanding in a region where it already operates in a dozen countries. This is according to Reuter’s report monitored by Busiess247News. “Mali is a large market with a low (bank) account...