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CBN sustains forex intervention, injects $210m – Punch Newspapers


Feyisayo Popoola The Central Bank of Nigeria on Tuesday injected the sum of $210m into the interbank foreign exchange market. According to a statement, the CBN offered $100m to authorised dealers in the wholesale segment of the market, while the Small and Medium Enterprises segment got the sum of ...
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CBN Injects Fresh $210 Million into Forex Market


The Central Bank of Nigeria (CBN) on Tuesday injected the sum of $210 million into the interbank foreign exchange (forex) market. The Bank offered $100million to authorised dealers in the wholesale segment of the market, while the SMEs segment got the sum of $55 million, just as $55 million ...
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Coinbase obtains US SEC approval to list security tokens


Cryptocurrency Exchange and wallet service Coinbase has received approval from the United States Securities and Exchange Commission (SEC) to list security tokens. This follows the approval of the company’s acquisition in June of three companies namely Keystone Capital Corp., Venovate Marketplace Inc., and Digital Wealth LLC. The move is ...
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Liquidity supports demand pressures, but only at the short end


Tuesday, July 17, 2018 /09:00PM / Zedcrest Capital *** Nigeria: IMF Raises Nigeria's 2019 Growth Forecast to 2.3% *** KEY INDICATORS Indicator Value Commentary Inflation 11.61% NBS postpones release date for June 2018 CPI & ...
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Central Bank To Go Tough On Naira Sellers, Hawkers


By Kenneth Orusi, The Nigerian Voice, Asaba The Central Bank of Nigeria (CBN), in its determination to rid the country’s currency from being abused especially by those who sell and hawk the money. It has vowed to deal with those involved even as the bank said “selling the money ...
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Forex: CBN Injects $210m


The Central Bank of Nigeria (CBN), on Tuesday, continued its weekly ... Meanwhile, the naira continued to exchange at an average of N360/$1 in the ...
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CBN sustains intervention at forex market, injects fresh $210m


The Central Bank of Nigeria (CBN), Tuesday, July 17, 2018, injected the sum of $210 million into the inter-bank foreign exchange (forex) market. The bank offered $100 million to authorized dealers in the wholesale segment of the market, while the small and medium enterprises (SMEs) segment got the sum of ...
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CBN Sustains Forex Intervention, Injects Fresh $210m


Tuesday, July 17, 2018 / 6:10PM / CBN   The Central Bank of Nigeria (CBN), on Tuesday, July 17, 2018 injected the sum of $210 million into the inter-bank foreign exchange (forex) market.  The Bank offered $100million to authorized dealers in the wholesale segment of the market, while the Small and ...
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Spray Naira Notes And Go To Jail – CBN Issues Stern Warning To Nigerians


The Central Bank of Nigeria says it is a crime to spray, sell or mutilate naira notes, TheCable reports reveals. Speaking in Ibadan on Saturday, Priscilla Eleje, acting director, currency operations department at the apex bank, said the offence is punishable by six months imprisonment or N50,000 fine. Eleje was ...
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CBN injects fresh $210m


It will be recalled that last Tuesday, July 10, 2018, the CBN intervened to ... Meanwhile, the naira continued to exchange at an average of N360/$1 in ...
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Spray Naira Notes And Go To Jail


The Central Bank of Nigeria has issued a stern warning to Nigerians who are in the habit of spraying naira notes on people. Read on the original siteهذه الصفحة هي مجرد قاریء تلقائي للأخبار باستخدام خدمة الـ RSS و بأن نشر هذه الأخبار هنا لاتعني تأییدها علی الإطلاق ...
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9mobile office shut over alleged tax default


9mobile Port Harcourt Regional Office, has been sealed by operatives of Rivers State Internal Revenue Service (RIRS) over alleged tax liability of N107,958,536.96. In a petition addressed to the Executive Chairman of RIRS, Association of Licensed Telecommunication Operators of Nigeria (ALTON) chairman, Engr. Gbenga Adebayo and his secretary, Kazeem Oladepo ...
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20, 000 direct jobs created in Anambra in three years – Official –


20, 000 direct jobs created in Anambra in three years – Official - We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkNoRead more ...
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Naija Dailies: Nigerian Business News | CBN proposes 5year jail term for naira counterfeit, spray offenders


   Top Nigerian Dailies
   Most Read Nigerian News    Certified Global Alexa Rank
1 Executive Order No.6 ...
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How Afreximbank’s $65 billion syndication was shared


Nigeria has received 40 percent of Afreximbank’s $65 billion worth of loan syndications for trade financing and development intervention for being the largest stakeholder and donor of the bank. The 40 percent will cover public investments and private sector working capital particularly, the banks. This was made known during ...
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CBN proposes 5year jail term for naira counterfeit, spray offenders


The Central Bank of Nigeria (CBN) has threatened to arrest violators who spray, sell and mutilate naira notes as these acts are now criminal offences which attracts a five-year imprisonment.
Acting Director, Currency Operations Department, CBN, Priscilla Eleje, it became imperative “to preserve the pride of the country and ease ...
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Mishandling of Naira notes attracts 5-year jail term – CBN


The Central Bank of Nigeria has issued a warning against spraying, selling and mutilation of Naira notes. CBN says such mishandling of the currency is a criminal offence, which attracts five years imprisonment. A Deputy Director of the bank, Mrs. Olufolake Ogundero expressed worry over the way Nigerian currency ...
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Buoyant System Liquidity Leaves Treasury Bills Market Bullish


By Dipo Olowookere Transactions at the secondary market for Treasury bills ended bullish on Monday as positive investor sentiment dominated the market. This occurred as buoyant system liquidity continued to support demand activities by investors at the T-bills space. This made the average treasury bills yields to decline at ...
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Markets remain cautions amidst buoyant liquidity


Monday, July 16, 2018 /10:00PM / Zedcrest Capital *** FX reserves dip, as CBN maintain weekly interventions to support the Naira *** KEY INDICATORS Indicator Value Commentary Inflation 11.61% NBS postpones release date for June ...
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CBN Sternly Warns Against Defacing, Spraying And Selling Of Naira Notes


The Central Bank of Nigeria (CBN) has issued a strict warning against spraying, selling and mutilation of naira notes The Acting Director, Currency Operations Department, CBN, Mrs. Priscilla Eleje made this announcement through her representative, Mrs. Olufolake Ogundero, a Deputy Director of the bank, at a public sensitization and ...
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Destroying Naira Notes Costs 5 Years Jail Term – CBN – African News Network | ANN | News TV


There’s no question that the world has its eyes firmly fixed on Africa and its artists. Naija artists arguably inspire the most interest. But who is the biggest fish in the pond? If you ask Yemi Alade, not any one artist in particular. Alade was speaking in a new ...
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CBN Reiterates that Spraying or Mutilating the Naira Notes is a Punishable Offence


The Central Bank of Nigeria says it is a crime to spray, sell or mutilate the naira notes. Speaking in Ibadan on Saturday, Priscilla Eleje, acting director, currency operations department at the apex bank, said the offence is punishable by six months imprisonment or N50,000 fine. Eleje was represented at ...
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CBN warns Nigerians against mutilating the naira note


The Central Bank of Nigeria (CBN) has warned against spraying, selling or mutilating the Naira notes.According to the Bank, it is a criminal offence that attracts a six-months prison sentence or a N50,000 fine or both.This was disclosed by Olufolake Ogundero, a Deputy Director at the apex bank during a ...
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