Traders at the market said the demand for the greenback by importers had continued to fuel the depreciation of the Naira at the market.
Browsing: Central Bank of Nigeria
The Special Adviser to President Muhammadu Buhari on Media and Publicity, Femi Adesina, was guest on Radio Continental, 102.3 FM, on January 8, 2016. Adesina spoke on a variety of issues, including the ongoing anti-corruption war, Buhari’s perceived hatred for the Igbo race and the time frame for the economy to bounce back
The Governor of the Central Bank of Nigeria, Godwin Emefiele, said this while briefing newsmen on the communique released after the 7th Annual Bankers Committee Retreat held in Lagos from December 10 to 11
The payment of the N10 billion was authenticated by a former Minister of Finance, dr. Ngozi Okonjo-Iweala, who has said she transferred $322 million from the late General Sani Abacha loot to Dasuki, following instruction from Dr. Jonathan
Ekwunife said this during the oversight function of the committee to some fuel depots in Lagos
According to the apex bank, the continuous pressure on the foreign exchange market is due to the rise in the internal demand for dollars
NACCIMA’s Vice-President, Jani Ibrahim, told the News Agency of Nigeria in Lagos that the decision would spur the growth of the real sector and boost investors’ confidence
It is the first reduction in the headline cost of borrowing in more than six years
With a number of Nigerian banks having postponed moves to raise fresh funds, the CNB said it was monitoring the three lenders’ recapitalisation plans and that 10 others with international status met the 15 per cent minimum capital rate for that category of bank at the end of June
While the initial proceed said to have accrued from the deal was given as N25 billion, the Leader of the Senate, Ali Ndume, said it has risen to as much as N60 billion
Skye Bank said significant portion of the money for which penalty was applied belonged to the state-owned energy company, NNPC Pension Funds, and National Assembly Legislative Aides account balances.
The FRC had, amongst others, sacked four directors of Stanbic IBTC, including its Chairman, Atedo Peterside, for alleged infractions
The directive was contained in a statement issued by the Nigeria Labour Congress and the Trade Union Congress in Lokoja on Saturday
The News Agency of Nigeria reports that the official exchange rate at the interbank window remained at N197 to the dollar
He said: “While it can be said that some substantial efforts have been made in terms of enrollment and successes recorded, what is left is for the remaining account holders to get their accounts linked to BVN
In a statement in Abuja on Friday, Mu’azu Ibrahim, the CBN’s Director of Corporate Communications, the apex bank said it was concerned by the number of account owners yet to enrol, considering that the exercise would end by October 31
‘If I select people whom I know quite well in my political party, whom we came all the way right from the APP, CPC and APC, and have remained together in good or bad situation, the people I have confidence in and I can trust them with any post, will that amount to anything wrong?’
The CBN insisted that there is liquidity and transparency in the market and that the market for FGN Bonds remains strong and active due primarily to the strength and diversity of the domestic investor base
In a speech delivered on his behalf on Tuesday by Vice President Yemi Osinbajo (SAN), Buhari made clear the government’s resolve to engage more with Small and Medium Scale Entrepreneurs in Nigeria towards ensuring sustainable economic development and wealth creation in the country
Some banks had early this week imposed N60,000 per day limit on ATM withdrawals, while also limiting foreign currency withdrawal per day to $300