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CBN injects $327 million into forex market – Send a Story to The Liberty Times™ Nigeria

The Acting President of Nigeria, Prof. Yemi Osinbajo, yesterday, attributed the woes in the petroleum sector, and entire economy to corruption, insisting that it was ready to take the fight against corruption further in ensuring a safe business environment for investors.  Vice President, Professor Yemi Osinbanjo This came as he expressed confidence in the private […]

Shareholders warn CBN, others against 9mobile sale – OnlineNigeria

In view of a pending case before a Federal High Court in Abuja, shareholders of embattled 9mobile, have warned those involved in an ongoing negotiation to sell the telecommunication firm not to proceed in the transaction. Those involved in the 9mobile trade negotiation include – the Central Bank of Nigeria, Nigerian Communications Commission, Etisalat International […]

We Are Tired Of Mutilated Naira Notes – Nigerians Cry Out

Nigerians are seriously worried over  the widespread circulation of mutilated naira notes in the country and called on the Central Bank of Nigeria (CBN) to reverse the trend and ensure better management of the nation’s currencies. In interviews with the News Agency of Nigeria (NAN) on Thursday in Lagos, they noted that several cases of […]

Shareholders warn CBN, NCC, amongst others against 9mobile sale

In view of a pending case before a Federal High Court in Abuja, shareholders of embattled 9mobile, have warned those involved in an ongoing negotiation to sell the telecommunication firm not to proceed in the transaction. Those involved in the 9mobile trade negotiation include – the Central Bank of Nigeria, Nigerian Communications Commission, Etisalat International Nigeria Limited, […]

Nigerians decry circulation of mutilated naira notes — Business — The Guardian Nigeria Newspaper – Nigeria and World News

[File] Mutilated naira note Some Nigerians have decried the widespread circulation of mutilated naira notes in the country and called on the Central Bank of Nigeria (CBN) to reverse the trend and ensure better management of the nation’s currencies. In interviews with the News Agency of Nigeria (NAN) on Thursday in Lagos, they noted that […]

Markets trade flat as CBN sells OMO to manage maturities

Thursday, August 09, 2018 /10:00PM / Zedcrest Capital   KEY INDICATORS Indicator Value Commentary Inflation 11.23% As at July 23, 2018, 38bps down from 11.61% recorded in May 2018. MPR […]

Naira depreciates to N362.30 despite CBN’s $210m forex intervention

(Last Updated On: August 9, 2018) On Tuesday Naira depreciated to N362.30 per dollar in the Investors and Exporters’ (I&E) window, even as the Central Bank of Nigeria (CBN) injected $210 million into the inter-bank Foreign Exchange (forex) Market. “); } } $(“.sb-content-245”).owlCarousel({ items: 3, baseClass: ‘mom-carousel’, rtl: rtl, autoplay:true, autoplayTimeout:20, autoplayHoverPause : true, responsive:{ […]

EFCC Arrests Former DSS Boss, Ekpeyong

The EFCC source, who confirmed the arrest, said Ekpeyong was taken into custody in connection with about 20 billion naira released from the CBN to …

Hyperinflation: CBN set to increase interest rate

By JEROME   USHAKANG with agency report The Central Bank of Nigeria (CBN) has planned to increase interest rate in readiness to counter anticipated hyperinflation ahead of the general elections in February 2019. The CBN plan is  aimed at  tightening  the monetary policy  so as to reduce inflation as it is expected that  more money would […]

Flutterwave gets CBN approval for USSD |

Feyisayo Popoola ‘); }()); Nigerian payment technology firm, Flutterwave, has received an approval from the Central Bank of Nigeria for its Unstructured Supplementary Service Data technology product. The firm said in a statement that the CBN’s approval would enable its enterprise and retail customers to lay their products on the USSD infrastructure. The Head, USSD […]

Naira trades flat at N306/$ amid CBN’s $210m injection

The Naira traded flat at N306 at interbank market despite Central Bank of Nigeria (CBN) $210 million injection in the foreign exchange market. In the parallel market, the Naira remained unchanged against the Dollar at N360 on Tuesday but gained 0.42per cent and 0.96per cent against Pound and Euro to close at N475 and N414 […]

CBN Pumps $23.2bn into Forex Market in 17 Months

Obinna Chima The Central Bank of Nigeria (CBN) has injected a total of $23.257 billion into the interbank segment of the foreign exchange (forex) market since it commenced its intervention in February last year, figures compiled by THISDAY have shown. THISDAY had put the total amount of the weekly forex sales as of March 26 […]

CBN’s renewed move to tame menace

With billions of naira lost cumulatively to the incidences of Internet fraud by banking and allied sectors, the Central Bank of Nigeria (CBN) is rallying stakeholders with renewed vigour to dislodge cybercrime in the banking circles. Abdulwahab Isa reports   Sometime last May, news of a young Nigerian doctor highly skilled in using fake bank […]

LCCI :Nigeria’s exchange rate stable in last 3 quarters

  The Lagos Chamber of Commerce and Industry (LCCI) has acknowledged that exchange rate volatility reduced significantly in the last three quarters of 2018, following the Central Bank of Nigeria’s (CBN) frequent interventions in the country’s foreign exchange market.According to the Chamber, businesses are witnessing improved liquidity and relative stability in the forex market. President, […]