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Etisalat and the long walk to lenders’ net

By Zakariyya Adaramola  Though many small telecom companies have gone under since the full liberalisation of the sector in 2001, none of the big four operators has shown any sign of ailment until April when news broke that Etisalat was having difficulty paying back a $ 1.2billion loan it took from some banks. […]

Recession: Is the economy really looking up?

Opinions are divided as to whether the assurances by the Central Bank of Nigeria (CBN) that the almost comatose economy will be in a rebound by the second quarter is indeed a reality or yet another forlorn hope. Ibrahim Apekhade Yusuf in this report examines the contending issues Since the word recession crept into the […]

Naira suffers marginal loss against dollar despite CBN’s intervention

Naira suffers marginal loss against dollar despite CBN’s intervention. July 8, 2017 by. Naira suffers marginal loss against dollar despite CBN’s …

Naira Fall Against Dollar Despite CBN’s Intervention

The Naira on Friday suffered loss against the dollar at the parallel market, despite the Central Bank of Nigeria’s intervention at the foreign exchange market, The News Agency of Nigeria reports that the Naira lost one point to exchange at N366, weaker than N365 traded on Thursday, while the pound sterling and the Euro closed […]

Naira falls at inter-bank, investors window – Financial Quest

The nation’s currency, on Thursday depreciated at the inter-bank spot foreign exchange and investors and exporters window due to forces of demand and supply. Naira lost N0.70k to close at N306.20k per dollar on Thursday from N305.50k per dollar traded the previous day at the inter-bank market, data from FMDQ show. At the investors and exporters forex window, the […]

Nigerian Newspapers: 10 things you need to know this Saturday morning

Good morning! Here is today’s summary from Nigerian newspapers‎ 1. The British government has denied claims by some secessionist groups in parts of Nigeria that it was backing their agitation for Nigeria to disintegrate. The British Envoy in Nigeria, Mr Paul Arkwright, said the former colonial master strongly supports the federal government. 2. Former Aviation […]

Forex: CBN pumps $254 into retail segment

Players in the retail segment of the Nigerian inter-bank Foreign Exchange (FOREX) market received a 254.3 million dollars boost from the Central Bank of Nigeria (CBN) on Friday. The post Forex: CBN pumps $254 into retail segment appeared first on News Agency of Nigeria (NAN). Go to News SourceAuthor: Editor IN My neighbour must hear […]

Naija Dailies: Nigerian News | Naira suffers marginal loss against dollar despite CBN ‘s intervention

   Top Nigerian Dailies    Most Read Nigerian News    Certified Global Alexa Rank 1 ASUU declares ‘solidarity strike’ for ex-Vice Chancellor sent to prison – Premium Times, 2 hours ago 2 #OsunWestDecides#:Ademola Adeleke Casts His […]

CBN Intervenes in Forex Market with $254.3m

By Obinna Chima  Players in the retail segment of the Nigerian inter-bank foreign exchange (forex) market received a $254.3m boost from the Central Bank of Nigeria (CBN) yesterday, following bids received from forex dealers by the apex bank. According to a report, the deals in the retail window represented requests from the various sectors in […]

BDCs want CBN to review dollar-buying rate to sustain naira gains

July 7, 2017 June 12th, 2017 Editor Currency Watch, Markets, News 0 comments Association of Bureaux De Change Operators of Nigeria (ABCON) has advised the Central Bank of Nigeria (CBN) to review retail dollar rate and enhance security at the borders to guard against illegal cash dollar transactions. These they say are part of immediate […]

How telling bedtime stories made me a writer – Salami

Bookshelf: How did you start creative writing? Segilola Salami: I didn’t make an intentional decision to start writing. Whilst on maternity leave with my daughter, I was reminiscing bedtime stories my late mum used to tell my sister and I and decided to write the stories down so I had something handy to refer […]

FOREX: CBN Injects $254.3m Into Retail Segment

The Central Bank of Nigeria (CBN) on Friday gave players in the retail … This is even as the local currency, the Naira exchanged at an average of …

FOREX: CBN boosts Retail Segment with $254.3m

Abuja – Players in the retail segment of the Nigerian inter-bank Foreign Exchange (FOREX) market received a 254.3 million dollars boost from the Central Bank of Nigeria (CBN) on Friday. Forex The acting Director, Corporate Communications at the CBN, Mr Isaac Okorafor, in a statement explained that the sale was in response to bids received […]

Forex: CBN pumps $254 into retail segment – Nigerian News | MUSIC | SPORTS | ENTERTAINMENTS

CBN Injects another $418m to support Naira By Racheal Ishaya Players in the retail segment of the Nigerian inter-bank Foreign Exchange (FOREX) market received a 254.3 million dollars boost from the Central Bank of Nigeria (CBN) on Friday. The acting Director, Corporate Communications at the CBN, Mr Isaac Okorafor, in a statement explained that the […]