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Nigeria’s Access Bank targets $41 million in Africa’s first corporate bond issuance

ACCESS BANK PLC SET TO ISSUE THE FIRST CORPORATE GREEN BOND IN AFRICA Nigeria’s Access Bank plans to raise about 15 billion naira ($41 million) in the first quarter for climate-related funds and programs, the person said, asking not to be identified because the talks are private. Access Bank spokesman Amaechi Okobi said he couldn’t […]

‘Pennies before a steamroller’: Nigerian vote delay a reminder of investment risk

Karin Strohecker LONDON – A surprise delay in Nigeria’s presidential ballot has served foreign asset managers another reminder of political risk and volatile investment returns in Africa’s biggest economy – just days after piling into assets in a bet on a smooth election run. The electoral commission announced a week’s delay to voting in the […]

Is your Microfinance Bank licensed by CBN?

The Central Bank of Nigeria (CBN) has recently released a list of licensed Micro-finance Banks (MFBs) in Nigeria as at February 13th 2019. The list which was released yesterday, revealed that only 898 micro-finance banks have the authority to operate in the country as of February 13th 2019. If your Micro-finance Bank is not on […]

Naira-To-Appreciate-As-CBN-Plans-To-Pump-More-Dollar-Into-Forex-Market-640×431

Home How Nigeria's Naira Fared Against US Dollar on Mar 12 Naira-To-Appreciate-As-CBN-Plans-To-Pump-More-Dollar-Into-Forex-Market-640×431 …

Naira gains marginally against dollar at I & E window

The Naira on Wednesday gained 26 Kobo to exchange at N362.04 to the dollar at the investors (I & E) window. Naira News men  reports that the naira had previously closed at N363.3 at the window on Tuesday. Market turnover at the window stood at 397.32 million dollars. The naira traded flat at N359 to […]

Naira gains marginally against dollar

The Naira on Wednesday gained 26 Kobo to exchange at N362.04 to the dollar at the investors (I & E) window. The News Agency of Nigeria (NAN) reports that the naira had previously closed at N363.3 at the window on Tuesday. Market turnover at the window stood at 397.32 million dollars. The naira traded flat […]

Naira gains marginally against dollar at I & E window – Daily Trust

The News Agency of Nigeria (NAN) reports that the naira had previously closed at N363.3 at the window on Tuesday. Market turnover at the window stood at 397.32 million dollars. The naira traded flat at N359 to the dollar at the parallel market in Lagos, while the Pound Sterling and the Euro closed at N471 […]

Dollar to Naira black market rate today Wednesday, 20th February 2019

Dollar to Naira black market rate today Wednesday, 20th February 2019 Naira firm against dollars, gains against others Dollar to Naira black market rate today Wednesday, 20th February 2019 is N357/N360.  The Exchange rate of dollar to naira has seen the NGN Naira have mixed fortunes against the USD Dollars during the course of last year. At a point last year 1 […]

CBN Disburse $210m to Forex Traders

In order to sustain the stability of Naira in the foreign exchange (forex) market, the Central Bank of Nigeria (CBN) on Tuesday released the sum of …

CBN allocates $210m for foreign exchange market ▷ Nigeria news

– Two hundred and ten million dollars has been injected into various segments of the market by the Central Bank of Nigeria – The apex bank injected the fund into the market to sustain its intervention in the Inter-Bank Foreign Exchange Market – Hundred million dollars was allocated as wholesale interventions, while $55 million was […]

CBN to downscale FX interventions this year

  Although findings by New Telegraph show that it had pumped in about $1.5 billion into the foreign exchange market less than two months into 2019, the Central Bank of Nigeria (CBN) is likely to carry out forex interventions on a lower scale this year compared with 2018, analysts at ARM Research have predicted.In a […]

T-bill Yields Compress as Funding Pressures Ease

Tuesday, February 20,  2019  06:00 AM / Zedcrest Capital  ***700 Jostle for FG’s Gas Flare-out Scheme*** KEY INDICATORS Indicator Value Commentary Inflation 11.37% As at February 15, 2019. A c.7bps decline from 11.44% recorded in December 2018 […]

Normalised national currency as growth elixir

Expectedly, the IMF release was sweet music to the CBN which proceeded in the January 2019 … Indeed, in Nigeria’s case today, correct conversion of crude oil receipts to naira amounts alone (regardless of the dollar amount …

CBN Buoys Market With $210m — Leadership Newspaper

The Central Bank of Nigeria (CBN) has made a fresh injection of $210 million into the inter-bank foreign exchange market in its determination to boost supply in that sector of the market. Figures released by the Bank on Tuesday, February 19, 2019, indicated that it offered the total sum of $100million to the wholesale segment, […]