Tag: CBN

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Breaking: Devt Bank Of Nigeria Obtains CBN Operating Licence

There were hints on Wednesday that the Central Bank of Nigeria (CBN) has granted operating licence to the Development Bank of Nigeria (DBN), a baby pr...
Joseph Nnanna Replaces Alade as African Finance Corp Chairman

Joseph Nnanna Replaces Alade as African Finance Corp Chairman

Leading pan-African multilateral development finance institution and project developer, Africa Finance Corporation (AFC), on Wednesday announced the...

New Keystone Bank Owners Appoint Transitional Board, Names Modibbo, Chairman, Bakare, Acting CEO

Following last week’s hand over of Keystone Bank Limited by the Asset Management Corporation of Nigeria (AMCON), Sigma Golf-Riverbank Consortium, its ...
CBN Crashes BDC Forex Rate Further To N360/$

CBN Crashes BDC Forex Rate Further To N360/$

The Central Bank of Nigeria (CBN) on Tuesday continued its aggressive intervention in the foreign exchange market as part of stabilizing the Naira’s v...
N360/$ For Invisibles: CBN Injects $85m into FOREX Market

N360/$ For Invisibles: CBN Injects $85m into FOREX Market

Offers Another $100m To Wholesale Customers Further to its directive that customers should henceforth buy foreign exchange for invisibles like Basi...

Breaking: CBN Crashes US$ To N360 For PTA, BTA, Tuition, Medical Fees

The Central Bank of Nigeria (CBN), on Monday, said it had directed all banks to immediately start selling foreign exchange for BTA, PTA, tuition and m...

Forex Dealers Scoop 81.3% Of $100m CBN Offer

Just as it promised some weeks ago to meet all genuine foreign exchange demands made on behalf of bank customers, the Central Bank of Nigeria (CBN) on...

CBN Intervenes With Further $100m, As Naira Appreciates To N385/$

The Central Bank of Nigeria (CBN) continued with its task of ensuring exchange rate stability on Thursday, with a further $100m intervention to enable...
Indicators Continue Bull Run, Amidst Rays Of Positive Economic Data

Indicators Continue Bull Run, Amidst Rays Of Positive Economic Data

Market Update for March 20, 2017 Nigeria’s equity market on the first trading day of the week closed marginally higher on huge volume driven by trans...

Easter: We Have 1.2bn Litres Of PMS, Enough For 34 Days, Says NNPC

The Nigerian National Petroleum Corporation, on Sunday assured that there is no need for panic buying of petroleum products particularly premium motor...
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