CBN Boosts Forex Market with $457.3m

The Central Bank of Nigeria CBN, has injected a total of 457.3 million dollars into the various segment of the foreign exchange market on Monday to encourage stability and flow in the market. The injection which is the highest since mid-February, follows the lull that was experienced in the system last week. The CBN spokesman, Mr. Isaac Okorafor in More...

by Editor | Published 5 months ago
By Editor On Tuesday, April 25th, 2017
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Naira Stabilizes at Parallel Market as CBN Remains Resolute in Boosting Liquidity

The recent CBN move in foreign exchange market is yielding positive result as the Naira stabilizes against the Dollar at the parallel market on Monday. The Nigeria currency traded between N380 (buying rate) to 385 More...

By Editor On Friday, April 21st, 2017
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President Buhari Appoints New Management for NEXIM Bank

President Muhammadu Buhari has approved the appointment of the new management team of the Nigeria Export-Import Bank NEXIM. The appointees include Abubakar Abba Bello as the new Managing Director, Dr. Bala Mohammed More...

By Editor On Saturday, April 15th, 2017
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Naira Expected to Appreciate Next Week as CBN Plan to Increase Dollar Sales to BDCS

The Naira is expected is expected to appreciate on the street next week as the Central Bank of Nigeria moves to increase the sales of dollars to Bureau De Change Operators. Central Bank is planning to raise the More...

By Editor On Friday, April 14th, 2017
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CBN Moves to Increase FX Sales to Bureau De Change Operators

The Central Bank of Nigeria CBN has moved to increase the weekly sales of forex to each bureau de change operators from ten thousand dollars ($10,000) to twenty thousand dollars ($20,000) to ease the trouble of More...

By Editor On Thursday, April 13th, 2017
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EFCC IKOYI RECOVERY

The Economic and Financial Crimes Commission (EFCC) has uncovered another set of money to the tune of more than N15 billion in a house yesterday on Gerard Road in Ikoyi area of Lagos following a tip off by another More...

By Editor On Tuesday, April 11th, 2017
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Efcc:BALOGUN MONEY

The Economic and Financial Crimes Commission, yesterday uncovered another N250 million from the popular Balogun Market in Lagos just after some days that a huge cash was discovered at a plaza in the state. Spokesman More...

By Editor On Wednesday, April 5th, 2017
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NEITI Task FG to Get NNPC Unremitted Funds

 The Nigeria Extractive Industries Transparency Initiative NEITI has identified the Unremitted Funds by the Nigerian National Petroleum Corporation NNPC and task the Federal Government to claim this accumulated More...

By Editor On Monday, April 3rd, 2017
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CBN release help line for forex issue, debunked claims for low supply

 CBN release help line for forex issue, debunked claims for low supply An emergency mobile phone line and email address have been released by the Central Bank of Nigeria CBN for an immediate complaint against More...

By Editor On Monday, April 3rd, 2017
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UNEMPLOYMENT: ILO Urges Nigeria to Equip Entrepreneurship skills and Agriculture

As a long term solution to creating a sustainable job for the teeming youth in Nigeria, the International Labor Organization has urged the federal government of Nigeria to develop the private sector by equipping More...