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Court to hear MTN’s case against CBN – Punch Newspapers

‘Femi Asu with agency report A hearing in the court case between MTN and the Central Bank of Nigeria in a dispute over the alleged transfer of $8.1bn of funds by the telecom firm has been set for October 30, a lawyer for MTN said on Friday. MTN has denied claims that it depleted Nigeria’s […]

$8.1bn transfer: Court fixes date to hear MTN’s case against CBN

A hearing in the court case between MTN and the Central Bank of Nigeria in a dispute over the alleged transfer of $8.1bn of funds by the telecom firm has been set for October 30, a lawyer for MTN said on Friday. MTN has denied claims that it depleted Nigeria’s foreign exchange reserves, the South […]

CBN injects fresh rounds of funds into Inter-Bank Forex Market – Punch Newspapers

In another round of intervention, the Central Bank of Nigeria, on Friday, injected over $337m into the Inter-Bank Foreign Exchange (Forex) market. The CBN also intervened to the tune of 53.44 million Chinese Yuan in the Spot and Short tenured forwards of the inter-bank foreign exchange market. The CBN spokesman, Mr. Isaac Okorafor, in a […]

CBN injects $337m, CNY53m into Inter-Bank Forex Market

In another round of intervention, the Central Bank of Nigeria (CBN), on Friday, injected over 337 million dollars in the Inter-Bank Foreign Exchange (Forex) market. Naira The CBN also intervened to the tune of 53.44 million Chinese Yuan in the Spot and Short tenored forwards of the inter-bank foreign exchange market. The CBN Spokesman, Mr […]

Inter-Bank Forex Market Gets CBN’s $337m

Nigeria’s apex bank, Central Bank of Nigeria (CBN), has, again, injected more than 337 million dollars into the Inter-Bank Foreign Exchange (Forex) market. Spokesman for the bank Isaac Okorafor said that the move was in furtherance of CBN’s commitment to ensuring adequate liquidity and stability in the inter-bank foreign exchange market. The CBN had on Tuesday […]

CBN injects $337m into Inter-Bank Forex Market

In another round of intervention, the Central Bank of Nigeria (CBN), on Friday, injected over 337 million dollars in the Inter-Bank Foreign Exchange (Forex) market. The CBN also intervened to the tune of 53.44 million Chinese Yuan in the Spot and Short tenored forwards of the inter-bank foreign exchange market. The CBN Spokesman, Mr Isaac […]

Bond Yields Weaken by c.10bps W/W, as Demand Pressures Wane

***FG trims budget size, proposes N8.6tn for 2019*** KEY INDICATORS Indicator Value Commentary Inflation 11.28% As at October16, 2018,5bps up from 11.23% recorded in August 2018. MPR […]

Economic, Business and Financial Headlines – 191018

Friday October 19, 2018 / 7:00 AM / Proshare News   Click Here To Read Latest Updates   PROSHARE ECONOMY NBS Publishes 11 States Nominal GDP from 2013 to 2017-The compilation of Gross Domestic Product (GDP) estimates for sub-national units of the Federation has been a phased exercise at the National Bureau of Statistics since 2013.  […]

Buycoins.africa records over N500 million in BTC sales through app

Buycoins Africa, a Nigerian cryptocurrency exchange is having a swell time, despite the downturn in cryptocurrencies. Co founder of the firm Timi Ajiboye in a few tweets from his handle disclosed that the firm had recorded over ₦500 million worth of transactions since the app was launched in July. I sometimes cannot believe the fact that […]

Naira Exchanges At N364.33 To Dollar At Investors’ Window

The naira closed at N306.50 the dollar as the official Central Bank of Nigeria, CBN, window on Thursday. It was, however, N364. 33 to the dollar at the investors’ window. Turnover at the investors’ window stood at $317.8 million. The currency remained stable at the parallel market, closing at N360 to the dollar, while the Pound […]

Is CBN Defending The Naira Or Dollar? – Punch

Henry Boyo “As I speak to you, our external reserves stand above $31bn, and that provides us with enough fire power to be able to defend the naira” –Godwin Emefiele (Governor, Central Bank of Nigeria, April 25, 2017). The question, however, is this: Is the CBN actually defending the naira? This question is addressed in […]

As CBN moves to curb Naira abuse – DAILY TRUST

But particularly worrisome is the trading in naira in Nigeria. … In the face of these abuses, the CBN has warned that the abuse of the naira violates …

Here’s How Naira Fared Against Dollar On Thursday (Oct 18)

The Nigerian currency Naira exchanges at N364.33 to Dollar at investors’ window The local currency closed at N306.50 to the dollar at the official CBN window on Thursday, October 18, 2018. It was, however, N364. 33 to the dollar at the investors’ window. Turnover at the investors’ window stood at 317.8 million dollars. The currency […]

Naira exchanges at N364.33 to dollar at investors’ window – Punch Newspapers

The naira closed at N306.50 the dollar as the official CBN window on Thursday. It was, however, N364. 33 to the dollar at the investors’ window. Turnover at the investors’ window stood at 317.8 million dollars. The currency remained stable at the parallel market, closing at N360 to the dollar, while the Pound Sterling and […]