Reviews

Nigerian Eurobonds rise 45bps W-on-W as Bearish Sentiments Trail Eurobond Launch

Friday, November 16, 2018/ 07:19PM / Zedcrest Capital ***BPE Begins Commercialisation of Four River Basin Devt Authorities*** KEY INDICATORS Indicator Value Commentary Inflation 11.28% As at October 16, 2018, 5bps up from 11.23% recorded in August 2018. […]

Electronic Fraud To Hit N6.1 Trillion By 2021 – CBN | AIT, AIT News, AIT Online :: News :: Africa Independent Television

The director, consumer protection department, CBN, Sunday Salam-Alada disclosed this at a workshop in Benin, Edo state. According to him, the volume and value of e-transactions is projected to continue to increase nationally and globally. Salam-Alada, said it was due to broader ecosystem scope, evolution of channels, adaptability to disruptive innovations and modes of payment. […]

New Nigeria Eurobond Issues Trade to Discount despite Early Rally

Thursday, November 15, 2018/ 08:05PM / Zedcrest Capital ***Nigeria cannot attain 40bn barrels oil reserve*** – NAPE KEY INDICATORS Indicator Value Commentary Inflation 11.28% As at October 16, 2018, 5bps up from 11.23% recorded in August 2018. […]

Naira Under Increased Pressure In The Forex Market

Thursday, November 15, 2018 / 01:10 PM / FDC   Global oil prices (Brent) have averaged $73.07pb in 2018 and remained comfortably above the budget benchmark of $51 per barrel (pb), largely due to high demand and the output-cut led by the Organization of the Petroleum Exporting Countries (OPEC) and its allies. This has ultimately translated to stronger external buffers […]

Senate Asks NNPC, CBN To Explain Withdrawal Of $1.2b

The Senate Committee on Gas has asked NNPC and Central Bank of Nigeria (CBN) to submit documents on the withdrawal of $1.2 billion from the …

Naira gains 50k against dollar at parallel market

  The News Agency of Nigeria(NAN) reports that the naira had exchanged at N361.5 to the dollar on Tuesday. The Pound Sterling and the Euro closed at N475 and N412.5, respectively. At the investors’ window the naira exchanged at N364.23 to the dollar as market turnover stood at 169.98 million dollars. Trading at the Bureau […]

CBN sets new minimum capital for mobile money operators

In a guideline issued by the Central Bank of Nigeria (CBN), the apex bank has pegged the minimum capital deposit for telcos with intent to deepen financial inclusion in Nigeria through mobile money services at N5 billion. While mandating that an evidence of the payment of N5 billion must be provided when applying for an […]

CBN Refunds N73bn To Bank Customers

Bank customers have been saved the ordeal of losing a whopping N73.26billoom by the Central Bank of Nigeria (CBN) to fraudulent transactions. Giving a scorecard on its consumer management, the CBN said that it had resolved 13,715 complaints through its Consumer Protection Desk resulting in the refund of N73.26 billion to them. The apex bank […]

Forex: CBN Sanctions 12 Banks For Frustrating Small Businesses

By Mayowa Tijani The Central Bank of Nigeria (CBN) has barred at least 12 deposit money banks (DMB) from the SME window of the foreign exchange market for flouting regulations, as it relates to small businesses. A senior official of the CBN told TheCable that the financial regulator took the decision to bar the erring […]

Banks refund N73bn to customers as CBN resolves 13,715 complaints :: Bestnaira.com

    *E-fraud loses to hit N6.1 trillion by 2021By Babajide Komolafe and Prince OkaforThe Central Bank of Nigeria, CBN, Wednesday disclosed that it has so far resolved 13,715 complaints from banks’ customers with banks refunding N73.27 billion to their customers. The Director, Consumer Protection Department, CBN, S.K Salam-Alada, made this disclosure today at the […]

CBN injects $210 million into forex market to support naira – Finance

news Nigeria’s central bank (CBN) on Tuesday, injected another $210 million in the inter-bank foreign exchange market to sustain the local currency. The apex bank said the authorised dealers in the wholesale segment of the market received the sum of $100 million while the Small and Medium Enterprises (SMEs) and Invisibles segments were allotted the […]

Naira gains against the dollar at parallel market

The naira on Wednesday gained 50 kobo to exchange at N361 to the dollar at the parallel market in Lagos.The News Agency of Nigeria (NAN) reports that the naira had exchanged at N361.5 to the dollar on Tuesday.The Pound Sterling and the Euro closed at N475 and N412.5, respectively.At the […]

Nigeria: Apex bank injects $210m into forex market

Published on 14.11.2018 at 19h21 by APA News The Central Bank of Nigeria (CBN) has injected $210 million into the interbank foreign exchange market.According to the figures released by the CBN on Monday in Abuja, the authorised dealers in the wholesale segment of the market received $100 million, while the SMEs […]

185,000 unemployed youth to access CBN loans nationwide ― Argungu  

THE Director General, National Directorate of Employment (NDE), Dr Nasiru Mohammed Ladan Argungu, has revealed that 185, 000 unemployed persons are to benefit from the Central Bank of Nigeria Agri-Business Small and Medium Enterprise Investment Scheme (AGSMEIS). The beneficiaries, who are young artisans expected to be the next generational cosmetology product producers, fashion designers, farmers, […]