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Today’s Dollar to Naira’s Exchange Rate – Current Naira to Dollar Exchange Rate It is no longer news that currency instability is normally experienced by the global currency exchange market. So many people have always looked searched the internet and forward to knowing the actually value or amount of Dollar to Naira exchange rate. … […]

Nigeria’ll Meet 6.1m Tonnes Rice Demand This Year –cbn – Politics

The Central Bank of Nigeria (CBN) has assured that Nigeria would meet its 6.1 million tonnes rice demand by the end of this year’s harvest season. Acting Director, Corporate Communications of the bank, Mr. Isaac Okoroafor, who disclosed this in Awka during a three-day sensitisation workshop for the people of Anambra State, said already the […]

Banks battle for Etisalat’s soul

A $1.2billion loan raised by Etislat from a consortium of 13 local lenders is testing the wits of the telecom operator, which did not enjoy some of the concessions the earlier birds got after the liberalisation of the telecoms space almost two decades ago. LUCAS AJANAKU writes that an amicable settlement of the face-off will […]

Row over N701b GENCOs’ loans

A crisis of confidence has hit the Nigerian Bulk Electricity Trading Plc (NBET) over a N701billion subsidy for Generation Companies (GENCOs). NBET Managing Director Dr. Marylin Amobi has redeployed some officers in the Finance and Internal Audit sections, who had reservations about the N701billion loan for the GENCOs, The Nation learnt. The officials’ stand is […]

CBN Disburses $7.14b to BDCs, Interbank

By Dipo Olowookere A total of $7.136 billion has been released by the Central Bank of Nigeria (CBN) to the Bureaux De Change (BDC) and the interbank segments of the foreign exchange market. This amount was disbursed by the apex bank to meet the needs of customers who require forex to pay school fees, medicals […]

Dollar to Naira black market rate today Monday, 26th June 2017

Dollar to Naira black market rate today Monday, 26th June 2017 Naira stable as Nigerians observe public holiday Dollar to Naira black market rate today Monday, 26th June 2017 is N364/N369.  The Exchange rate of dollar to naira has seen the NGN Naira have mixed fortunes against the USD Dollars during the course of the […]

U.S Embassy Recruitment 2017 For Graduate Visa Assistant

Today’s Dollar to Naira’s Exchange Rate – Current Naira to Dollar Exchange Rate It is no longer news that currency instability is normally experienced by the global currency exchange market. So many people have always looked searched the internet and forward to knowing the actually value or amount of Dollar to Naira exchange rate. Today, […]

17 important things to know about Etisalat Nigeria debt crisis

Etisalat, Nigeria’s fourth largest mobile operator is enmeshed in a debt crisis that could lead to a change of its ownership. PREMIUM TIMES has extensively reported on the debt crisis with the firm and the regulators all reacting and assuring subscribers it would not affect operations. Below are 17 simple ways to understand the Etisalat […]

Checkmated by the CBN and NCC, Etisalat 13 turn their focus to Mubadala

The consortium of 13 banks that lent Etisalat Nigeria $1.2 billion have decided to seek legal action against Mubadala for abandoning its shares. The banks may have decided to pursue this option as the CBN last week asked them to stay action against the telco. Etisalat’s offer to pay $58.9 million as final settlement of […]

CBN’s intervention in forex market temporal – varsity don

Prof. Charles Nwaekeaku of Nassarawa State University, says the Central Bank of Nigeria’s (CBN) interventions in the Foreign Exchange Market (FOREX) is a temporary relief. Nwaekeaku, a lecturer at the Pubic Administration Department, said in Abuja, that the CBN might not be able to sustain the interventions. “CBN’s intervention in the foreign exchange business is […]

CBN, NCC moves to save 4,000 jobs

To save over 4,000 jobs and asset striping of Etisalat my its bankers over $1.2 billion, the Central Bank of Nigeria (CBN) and the Nigeria Communications Commission (NCC) are intervening in the crisis. In a statement on Friday, the CVN said, the move is necessary to prevent job losses and asset stripping. Experts say, if […]

CBN enlightens bank customers in Lagos on rights, intervention policies

The Central Bank of Nigeria (CBN) on Thursday sensitized the banking public based in Lagos on their rights as customers of financial institution, and its various intervention policies targeted at stimulating economic growth and wellbeing of the Nigerian citizen. This is coming after the Apex Bank also held a seminar for farmers and Small and […]

CBN educates Lagosians on intervention policies

The Central Bank of Nigeria (CBN) has enlightened Lagos residents on its various interventions programmes meant to stimulate the economy and boost people’s living standard. The programme with the theme: “Promoting financial stability and economic development”, also focused on enlightening the public about their rights and privileges in their customer relationship with their banks. CBN’s […]

Nigeria: Forex Rate Convergence Imminent

THE steady appreciation of the naira in the Nigeria Autonomous Foreign Exchange (NAFEX) window, also known as Investors & Exporters window will persist this week, with the NAFEX rate falling to N360 per dollar. Meanwhile, volume of transactions in the NAFEX window reached $2.5 billion last week from $2.2 billion two weeks ago. Since it […]