CBN raises forex market with $210 million
The Central Bank of Nigeria (CBN) has made available $210 million to meet customers’ requests in various segments of the foreign exchange market.According to figures obtained from the apex bank yesterday in its quest to meet customers’ needs in the various segments of the market....
CBN, BVN and fraud
Deposit Money Banks in the country have, appropriately been ordered by the Central Bank of Nigeria (CBN) to suspend bank accounts and Bank Verification Numbers (BVN) of their customers linked with any fraudulent activities.
CBN lifts foreign exchange market with $210m
The Central Bank of Nigeria (CBN) has provided fresh 210 million dollars to meet customers’ requests in various segments of the foreign exchange market.
Enugu Assembly complains of banks’ excessive charges
The Enugu House of Assembly has urged the Central Bank of Nigeria (CBN), and other financial regulatory authorities to look into the activities of commercial banks operating...
CBN boosts forex market with $210m
The Central Bank of Nigeria (CBN) has injected $210 million to boost the inter-bank Foreign Exchange Market (FOREX). The CBN Acting Director, Corporate Communications Department (CCD), Mr. Isaac Okorafor, disclosed this yesterday. He assured Nigerians that the apex bank would continue to intervene in the interbank foreign exchange market, in line with its pledge to…
Customers continue to pay more on loans, earn less on deposits
Except the seven-day and one-month maturity deposit rates, all other forms of deposits in the banking industry lost values in the fourth quarter of 2017, when compared with the third quarter records.
ABCON restates worries over forex rate deals with CBN
The Association of Bureau De Change Operators of Nigeria (ABCON) has expressed worries that the Central Bank of Nigeria (CBN) has continued to sell dollar to its members at N360/$1 while commercial banks buy at N357/$1.
How to sustain banking stocks’ rally for enhanced returns
Capital market analysts have identified the banking industry as one of the most vibrant sectors in the Nigerian economy, as stocks returned a gain of about N732billion in the first month of the 2018 financial year.
As Nigeria’s Central Bank ‘steals’ the spotlight in January
An unwelcome return of political risk and uncertainty amid the current developments, could create significant headwinds for the nation as it continues to consolidate the growth that began last year.