RENCAP: A local newspaper reported today that CBN released a circular barring banks with significant NPL ratios from paying dividends. While a circular was indeed released recently, unlike what the news article suggests, this ban is not a new development. It was originally implemented on 8 October, 2014 in a circular which stipulated that a […]
By Adaeze Okechukwu The Central Bank of Nigeria (CBN) yesterday said that Non-Interest Financial Institutions (NIFIs) can now participate in the N200 billion Commercial Agricultural Credit Scheme (CACS). The CBN disclosed this in the revised guidelines for the scheme released yesterday via a circular titled ‘Amendment to the Commercial Agriculture Credit Scheme (CACS) […]
Abuja – The Central Bank of Nigeria (CBN) and the Revenue Mobilization, Allocation and Fiscal Commission (RMAFC) on Tuesday, expressed opposition to the planned creation of a new agency to manage assets seized from corruption and other criminal cases.Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele The agencies made their stance known […]
All posts tagged “Naira gains at NAFEX as CBN lifted forex market with $210m”. 96. Money market. Naira gains at NAFEX as CBN lifted forex market with $210m. The Naira, at the close of trading activities on Monday gained at the Nigerian Autonomous Foreign Exchange (NAFEX) window, the Central …
With proposals such as tougher sanctions for defaulters and more powers for the Central Bank of Nigeria (CBN), the House of Representatives bill to amend … or bank director will give credit to himself or anybody whosoever related to him or her in excess of N50,000 but you are giving billions of naira.
Interestingly, while the CBN Governor, Mr. Godwin Emefiele, and the Managing Director/Chief Executive, NDIC, Alhaji Umaru Ibrahim, both welcomed the proposed amendments to BOFIA, especially as regards to incremental sanctions directed mainly at individuals rather than the institutions, they, …
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Top Nigerian Dailies Most Read Nigerian News Certified Global Alexa Rank 1 Men: 17 tips to improve your marriage and become a better husband for your wife – Davina Diaries, 3 hours ago 2 […]
Just in: Naira appreciates against Dollar as CBN pumps $210m into FX market.
– The Naira moves up at the parallel market for the first time this week – The local currency trades at N362, N500 and N445 against the Dollar, Pound Sterling and Euro respectively – The recent appreciation of the Naira can be attributed to intervention of the CBN at the foreign exchange market The Nigerian […]
Babban bankin Najeriya, CBN, ta kara samar da wasu makudan kudade a kasuwar canji da suka kai dalan Amurka miliyan 210, don samar da isashshen canji gay an Najeriya masu bukatar dala. Mukaddashin Kaakakin bankin, Isaac Okafor ne ya sanar da haka a ranar Litinin 19 ga watan Feburairu, inda yace daga cikin dala miliyan […]
The Central Bank of Nigeria (CBN) has provided fresh 210 million dollars to meet customers’ requests in various segments of the foreign exchange market. The Bank’s Acting Director, Corporate Communications Department, Mr Isaac Okoroafor in a statement in Abuja, said that 100 million dollars was offered to authorized dealers in the wholesale segment […]
The naira on Monday depreciated to N360 against the dollar at the interbank window, the highest level recorded in 2018. This is despite the $210 million provided by the Central Bank of Nigeria for various segments of the market. The naira had previously exchanged for N359.95 at the interbank window. According to figures made available […]
Nigerian currency, Naira, Monday appreciated by 8 kobo to N360.28 per dollar in the Investors’ and Exporters’ (Iand#38;E) window. This is even as the Central Bank of Nigeria (CBN) has injected $210 million into the foreign exchange market. Acting Director, Corporate Communications Department (CCD), CBN, Mr. Isaac Okorafor confirmed the injection to newsmen. He said, […]