MONEY MARKET

  Naira on Tuesday depreciated to N306.90 against the Dollar at the interbank market rate monitored by the Central Bank of Nigeria (CBN). The Naira at the interbank market rate opened the week at N306.85 against the dollar. According to finance analysts, the naira continued to depreciate following the high...

  The Central Bank of Nigeria (CBN) has revealed that it received and resolved a total of 3,890 complaints against banks and other financial institutions in the first six months of this year. The data is contained in the half-year economic report for 2018 released by the apex bank revealed...

  The Central Bank of Nigeria (CBN) has come out with fresh guidelines for licensing, regulation and operation of Payment Service Banks (PSBs) in the country. The Director, Financial Policy and Regulation Department of the regulatory body, Mr. Kevin Amuga, said the guidelines were in furtherance of the apex bank’s...

The Central Bank of Nigeria (CBN) has released the exposure draft for the regulatory requirements for non-bank merchants acquiring in Nigeria. This is in furtherance of its mandate of enhancing the development of the electronic payment system in the country. According to CBN in its ‘Exposure draft of regulatory requirements...

  The Central Bank of Nigeria (CBN) has made available $210 million, to meet customers’ requests in various segments of the foreign exchange market. The CBN  offered $100 million to authorised dealers in the wholesale segment of the market, while the Small and Medium Enterprises (SMEs) segment got boosted with...

Nigeria’s Access Bank expects the country’s banking industry to hold its regular committee meeting soon to discuss South African telecoms firm MTN’s repayment of $8.1 billion, on the orders of the central bank. Access Bank Chief Executive Herbert Wigwe said the bank has a minor holding at MTN group level...

  The Central Bank of Nigeria (CBN) yesterday disclosed that in the past two days, it injected a sum of $543.22 million and CNY 63.21 million into the interbank foreign exchange market. A breakdown of the forex intervention showed that at the Thursday’s trading, the Bank offered $100,000,000 as wholesale...

The Central Bank of Nigeria (CBN) has injected 210 million dollars into the inter-bank Foreign Exchange Market to meet customers’ requests in various segments of the market. The CBN Acting Director of Corporate Communications, Mr Isaac Okoroafor in a statement on Tuesday, said that 100 million dollars was offered to...

    The Central Bank of Nigeria (CBN) on Wednesday injected the sum of $210 million into the inter-bank foreign exchange (forex) market. The bank offered $100 million to authorised dealers in the wholesale segment of the market, while the Small and Medium Enterprises (SMEs) segment got the sum of...

The Central Bank of Nigeria (CBN) has released guidelines for the conduct of financial transactions under the recently signed federal government currency swap deal with the Bank of China. Titled: "Regulations for Transactions with Authorised Dealers in Renminbi," the apex bank said for the purpose of the regulation, authorized dealers...