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Scarcity of funds to persist as DMO issues N100bn bond

… in the CBN bi-weekly dollar sale to BDCs, even as the naira remained stable … This week, about 1,250 BDCs did not participate in the CBN window.

An Honour Well-deserved | THISDAYLIVE

Chika Amanze-Nwachuku writes that the Forbes’ 2017 Best of Africa Achievement Award bestowed on the Central Bank of Nigeria, Governor, Godwin Ifeanyi Emefiele, is a well-deserved recognition With amazing determination and willpower, Godwin Emefiele defied the harsh criticisms that trailed his tight monetary policy stance as he remained resolute in his pursuit for a growth-friendly interest rate regime […]

CBN Sells N140bn Treasury Bills

MARKET INDICATOR By Obinna Chima The Central Bank of Nigeria (CBN) last week auctioned treasury bills worth N133.79 billion via primary markets.A breakdown of the fixed income instrument showed that while it issued 91-day bills worth N32.40 billion; 182-day bills worth N35.00 billion, it also sold 364-day bills worth N66.39 billion. On the other hand, […]

FG takes over accounts without BVN •Over 15million bank accounts affected

… over 15 million bank accounts with deposits running into billions of naira as, … Similarly, the CBN had last week, in a memo signed by Mr Dipo Fatokun, … According to the CBN framework, a watch-listed individual shall not be …

Dollar to Naira black market rate today Friday, 20th October 2017

Dollar to Naira black market rate today Friday, 20th October 2017  Naira stays firm Dollar to Naira black market rate today Friday, 20th October 2017 is N360/N363.  The Exchange rate of dollar to naira has seen the NGN Naira have mixed fortunes against the USD Dollars during the course of the year. Earlier in the year 1 usd […]

CBN Mops Up N231.25bn As Liquidity Remains Tight

By Nse Anthony-Uko(Sundiata Finance) – The Central Bank of Nigeria (CBN) on Thursday sold N98 billion of treasury securities bringing its Treasury Bills sale to N231 billion within the week in its effort to keep liquidity tight to support the naira. The local currency remained stable selling at N363 to the dollar at the parallel […]

CBN instructs banks to place fraudulent individuals on watchlist

Godwin Emefiele, CBN Governor In a circular released yesterday, the Central Bank of Nigeria (CBN) has instructed banks to place Bank Verification Numbers (BVNs) of fraudulent customers on a watchlist . Failure to do so, will lead to the Chief Audit Officer of the affected bank being penalized. Here are highlights […]

More Bank Accounts To Be Shut As CBN Issues Strict BVN Rules – Business (1)

Re: More Bank Accounts To Be Shut As CBN Issues Strict BVN Rules by AJboi(m): 9:14am MhizzAJ:Is that the reason why first bank has been frustrating people Baby,no be lie ooo.I thought it was only my mum dat is aving dis difficulty with First Bank.They refuse accepting d BVN nó she brought from her second […]

More Bank Accounts To Be Shut As CBN Issues Strict BVN Rules

By Hamisu Muhammad (Abuja) & Kayode Ekundayo (Lagos) Banks will soon crack down on customer’s accounts following new directives from the Central Bank of Nigeria (CBN) yesterday, on Bank Verification Number (BVN) operations and watch-list for the banking industry. Records from the NIBSS show that there were about 45.85 million total bank accounts unlinked, but […]

Naija Dailies: Nigerian News | CBN Sells Treasuries to Mop up Naira

   Top Nigerian Dailies    Most Read Nigerian News    Certified Global Alexa Rank 1 Attack on APC govt: Presidency hits back at Jonathan – The Capital, 43 mins ago 2 Lagos, Rivers, Kano have highest […]

CBN Sells Treasuries To Mop Up Naira – Business

The Central Bank of Nigeria on Thursday sold another N98 billion of treasury securities to reduce Naira liquidity and support the currency. The apex bank sold the 91-day bill at a higher interest rate of 16 percent, while the 196-day bill was offered at 17.81 percent. Total subscriptions were N194.6 billion. This was after 10.25 […]

Naira depreciates further to N360.30/$ in NAFEX

By Peter EgwuatuThe naira, Thursday, depreciated marginally to N360. 30 per dollar in the Investor and Exporter (I&E) Foreign Exchange Window. liquidity Data from the Financial Market Dealers Quote, FMDQ, showed that the indicative exchange rate for the I & E Window, known as Nigerian Autonomous Foreign Exchange, NAFEX, declined to N360.30 per dollar, yesterday, […]

UPDATE 2-Nigeria plans record budget of 8.6 trillion naira in 2018 -fiscal paper

* Nigeria revises 2017 growth projection to 1.5 pct from 2.19 pct * Draft budget document sees oil production at 2.3 mbpd in 2018 * Document sees up to 30 pct of 2018 spending on capital projects * Raising taxes on luxury goods to 15 pct by 2018 being considered (Adds details, analyst comments, bullet […]

CBN tightens liquidity through sales of N98bn worth Treasury Bills

CBN tightens liquidity through sales of N98bn worth Treasury Bills – Naijaray Headline Be the first To Receive Our Latest Gist, News, Gossip And Updates Via Email; CLICK HERE NOW!!! You Are Here: » Daily […]