The Central Bank of Nigeria on Friday made its first intervention in the inter-bank sector of the Foreign Exchange market for 2019 with a total sum of $210 million injected into the wholesale segment and other sectors of the market.
The Central Bank of Nigeria said the Manufacturing Purchasing Managers’ Index stood at 61.1 index points as at December 2018, indicating an expansion in the manufacturing sector for 21 consecutive months.
Some Nigerians have projected rise in inflation and borrowing rates as well as naira appreciation in the next 12 months.
The Board of Diamond Bank finally confirmed its acquisition by Access Bank Plc, which is expected to be completed in the first half of 2019.
The bank made the assertion in the 2017 Annual Activity Report released by its Banking and Payments System Department on its Website.
The House made the complaint on Wednesday during its plenary session presided over by the Speaker, Alhaji Kabiru Rurum.
The bank’s Chief Executive Officer, Uzoma Dozie, said this in a statement signed by the bank’s Head of media, Ezechinyere Anyanwu on Friday in Abuja.
While it was sold at N306.80 to the dollar at the official CBN window, it exchanged at N364 to the dollar at the parallel market in Lagos.
The House passed the resolution on Tuesday following the presentation of the report of Joint Committees on Finance and Agriculture.
Enthusiastic as Emefiele sounded, he was also mindful of the fact that some key sectors of the economy had continued to experience what he described as “Significant challenges, baring the tepid recovery of the domestic economy from…
The customers, who made the call in separate interviews with News Agency of Nigeria in Gwagwalada on Monday, described the maintenance and transaction fees as well as other charges levied by the banks on ATM transactions as “worrisome and…
This is according to documents submitted to the Senate Committee on Gas Resources by the CBN in Abuja on Thursday.
The Buhari Media Organisation gave this admonition in its reaction to the Senate resolution on the fine imposed on telecommunications company, MTN.
The NDE Director-General, Dr Nasiru Ladan-Argungu, made this known at the orientation of 450 trainees of four schemes of the agency in Nasarawa State on Wednesday.
Managing Director of the Corporation, Alhaji Umaru Ibrahim, disclosed this in Benin City on Tuesday at the opening of a workshop for financial journalists organised by the NDIC.
According to him, the Central Bank of Nigeria has not issued any Letter of Credit for importation of rice in 2018.
The state Commissioner of Police, Johnson Kokumo, disclosed this on Friday in Benin while briefing newsmen on the command’s enforcement of the presidential order prohibiting illicit sale of the Nigerian legal tender.