Tag: CBN
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Banks Oppose Plans To Convert US$ Portion of Etisalat Nigeria $1.2bn loan To Naira –Reuters
Those who expected that the meeting brokered by the Central Bank of Nigeria (CBN) and Nigerian Communications Commission (NCC), between telecoms ...
CBN Pumps $1.138bn Into Interbank FX Market In Two Weeks
As part of ongoing efforts to stabilize the Naira against major foreign currencies, the Central Bank of Nigeria (CBN) on Tuesday announced a further $...
Sell Your US$ Holdings, Cut Your Loss, CBN Warns Currency Hoarders
Boosts Forex Liquidity With Fresh $180m
Perhaps encouraged by the positive reactions of the Naira to last week’s intervention in the nation’s forei...
NEXIM Loan: Firm Eyes US$100m Revenue, 900 Jobs From Shea Butter Export In 5 Years
From left: Salisu Zakari Ningi, Deputy Chairman; Adekunle O. Onafowokan, MD, Ladgroup Ltd; Sir Jones Chukwudi Onyereri, Chairman, House Committee on...
NDIC Boss Raises Red Flag As Toxic Loans In Nigerian Bank Hits 10%
• Says N740bn Insider, Director Related NPL Unhealthy
• Urges Regulators To Check Governance Abuses
Alhaji Umaru Ibrahim, Managing Director/Chief ...
CBN To Sell $500m In Special Wholesale Intervention
Further to its resolve to ease the hiccups in the nation’s foreign exchange market announced Monday, February 20, 2017, the Central Bank of Nigeri...
Forex Hiccups: CBN Orders Banks To Open Forex Outlets At Airports
The Central Bank of Nigeria (CBN), on Monday, directed banks to open foreign exchange retail outlets in the country’s major airports, as part of effor...
Breaking: FCMB Names Nuru New FCMB MD, As Ladi Balogun Becomes Group CEO
The board of FCMB Group Plc, on Monday announced the reorganization of its leadership, with the appointment of Adam Nuru, formerly Executive Directo...
Currency-In-Circulation Dropped By N184.597bn In January, Says CBN
The Central Bank of Nigeria (CBN), on Friday released data for Currency-In-Circulation, an estimate of the value of the nation's banknotes outside of ...
There’s No Way Nigerian Banks Will Sell Forex At N18/US$ Rate, Says CBN
The Central Bank of Nigeria (CBN) has decried media report suggesting that the Office of the Attorney General of the Federation and Minister of Justic...
