Central Bank of Nigeria Archives

Naira gains N1 against dollar; trades at N364

As CBN injects fresh $250m to lift naira The Naira on Tuesday gained N1 against the Dollar as it traded at N364 at the parallel market, coming...

Banking & Finance8 years ago

Turnover on fixed income market falls by N1.09bn in July

As report shows Nigeria earned, squandered N77trn oil revenue in 17 years Total turnover volume in the fixed income market fell by N1.09 billion at the...

Economy8 years ago

Cost of funds to fall as N193bn inflow is set to boost interbank liquidity

$14.1b forex deals attract investors The interbank money market will, this week, receive liquidity boost of N193 billion from maturing treasury bills prompting further decline in...

Economy8 years ago

BDCs lose ground to banks in forex sales

As EFCC recovers N329b from 10 marketers More than 700 Bureaux De Change (BDC) operators are inactive in the Central Bank of Nigeria’s (CBN’s) Forex Window...

Economy8 years ago

Oil rises to nearly $50 on weak dollar, Gulf tensions as producers set to meet

CBN replies Senate: We’re not selling dollars to anyone at N200 rate Oil prices edged higher on a weaker dollar and diplomatic tensions in the Gulf...

Economy8 years ago

VAIDS: FG offers 29% waiver to tax offenders

Records N397bn deficit in May The federal government has said tax offenders stand to enjoy 29 per cent waiver on overdue taxes if they take advantage...

Banking & Finance8 years ago

Banks suffer fraud cases worth N16.5bn in three years

Stock market Investors gain N2.2tr in bullish run The banking sector recorded 31,736 fraud cases involving the sum of N16.5bn between January 2014 and December 2016,...

Banking & Finance8 years ago

High interest rates: CBN, banks, MAN, others to appear before Senate panel on Tuesday

The Senate Committee on Banking, Insurance and Other Financial Institutions has invited the Central Bank of Nigeria, Nigeria Deposit Insurance Corporation and Deposit Money Banks to...

Politics8 years ago

I facilitated settlement of $1.09b Malabu Oil dispute, says Adoke

As Ajibola says CBN’s regular intervention in FX market inevitable A former Attorney General of the Federation (AGF) and Minister of Justice, Mr. Mohammed Bello Adoke(SAN),...