Banking
Naira gains 3.59%, closes at N1,600.78/$
The Naira strengthened on Friday, closing the week at N1,600.78 to the dollar in the official market. Data from the...
World Bank passes vote of confidence on Cardoso
The World Bank has passed a vote of confidence on governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso,...
Naira loses N63.37 against dollar
The Naira on Wednesday depreciated at the official market, trading at N1,625.13 to the dollar. Data from the FMDQ Exchange,...
Deposits in Nigerian banks secure, CBN reassures customers
The Central Bank of Nigeria (CBN) has assured Nigerian’s that their deposits in the country’s banks are secure. It also...
27.75% interest rate painful but necessary -Cardoso
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has rued the recent increase in the interest rate to...
Arbitrary bank charges: CBN urges customers to report illegal charges
Customers of various banks have decried arbitrary debit of their monies by their banks. Some of them who spoke to...
CBN sells $543 million to banks to check market volatility
The Central Bank of Nigeria (CBN) says it sold 543.5 million dollars to authorised dealer banks between Sept. 6 and...
Forex Speculation: CBN introduces electronic matching system
The Central Bank of Nigeria (CBN) has announced the introduction of an electronic foreign exchange matching system (EFEMS). The system...
Naira loses N127.21 against dollar at official market
The Naira on Wednesday depreciated at the official market, trading at N1,669.15 to the dollar. Data from the official trading...
Naira gains 2.24% against dollar at official market
The Naira on Friday appreciated at the official market, trading at N1,540.78 to the dollar. Data from the official trading...