Banking
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 $543 million to banks to check market volatility
The Central Bank of Nigeria (CBN) says it sold 543.5 million dollars to authorised dealer banks between Sept. 6 and...
Forex Speculation: CBN introduces electronic matching system
The Central Bank of Nigeria (CBN) has announced the introduction of an electronic foreign exchange matching system (EFEMS). The system...
Naira loses N127.21 against dollar at official market
The Naira on Wednesday depreciated at the official market, trading at N1,669.15 to the dollar. Data from the official trading...
Naira gains 2.24% against dollar at official market
The Naira on Friday appreciated at the official market, trading at N1,540.78 to the dollar. Data from the official trading...
Otedola acquires additional N16bn shares in FBN Holdings
Chairman of First Bank of Nigeria (FBN) Holdings and majority shareholder, Femi Otedola, has increased his stake in the financial...
CBN approves forex sales to BDCs at N1,590/$
The Central Bank of Nigeria (CBN) has approved the sale of foreign exchange worth $20,000 to eligible Bureau De Change...