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The Central Bank of Nigeria (CBN) on Tuesday intervened in the wholesale segment of the foreign exchange market, offering the sum of $100 million to dealers in that window.
Within a space of six months this year, the Central Bank of Nigeria (CBN) has so far expended about $20.91 billion to stabilise the naira at the various segments of the foreign exchange (forex) market.
The Acting Chairman, Economic and Financial Crimes Commission, Mr. Ibrahim Magu has cautioned Bureau de Change operators in the country against aiding corrupt practices of some politicians.
The Naira on Thursday appreciated against the dollar at the investor’s window, exchanging at N363.90 to the dollar and stronger than N364.23 posted on Wednesday.
The Naira on Monday gained 10 kobo to exchange at N363.64 to the dollar at the investors’ window, stronger than N363.74 posted on Friday.
The Association of Bureau De Change Operators of Nigeria (ABCON) has said that Central Bank’s new corporate governance policy limiting the tenure of directors of BDCs might be difficult to implement.
The Central Bank of Nigeria (CBN) on Friday said it injected 337.16 million dollars in the retail Secondary Market Intervention Sales (SMIS) in its first intervention in the inter-bank foreign market for November.
The Naira on Friday remained stable at the parallel market in Lagos, exchanging at N360.5 to the dollar.
The Naira on Tuesday appreciated against the dollar at the parallel market, exchanging at N360 to the dollar, stronger than N361 posted on Monday.
The Naira on Thursday appreciated marginally against the dollar at the Investors’ Window (I & E), exchanging at N363. 57, stronger than N363.94 posted on Wednesday.
The Central Bank of Nigeria (CBN), on Friday, provided 317.52 million dollars and 58.40 million Chinese Yuan (CNY) to customers seeking foreign exchange in the agricultural and raw material sector.
The Central Bank of Nigeria (CBN), on Friday, injected the sum $303.91 million into the interbank retail Secondary Market Intervention Sales.
The Association of Bureau de Change Operators of Nigeria has kicked against the on-going banks’ suspension of bureau de change (BDC) accounts and demanded for tax remittances on turnover volumes.
Naira on Friday depreciated marginally against the US dollar at the investors’ window, exchanging at N362.64 compared to N362.32 posted on Thursday.
The Central Bank of Nigeria (CBN) has boosted the operations of the inter-bank foreign exchange market with about $543.22 million and CNY63.21 million after two days interventions.
Protest on Sunday rocked Yenagoa, Bayelsa State capital, over the death of two brothers at Agudama area while trying to cross the flooded Epie Creek that stretched from Igbogene to Yenagoa.
Shanghai Shenhua forward Odion Ighalo has scored his first goal in the Chinese Super League since May when he left to represent Nigeria at 2019 Africa Cup of Nations.
Some leaders from the Kogi West Senatorial district have declared supporting Governor Yahaya Bello’s second term bid will better position the zone for the governorship position in 2023.
The Minister of Information and Culture, Alhaji Lai Mohammed, says no amount of attacks, sponsored or otherwise, will stop the implementation of approved recommendations on reform of broadcasting code.
Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, yesterday, allayed fears on speculations of alleged insolvency in about seven banks following their failure to scale through a recent stressed conducted by industry regulators.
Liverpool chief executive Peter Moore says a long-overdue Premier League title would sit alongside their Champions League triumph as a “barometer of success” for the club.
Thirty-five pilgrims who were performing the lesser Hajj, also known as Umrah, have been burnt to death in a road accident.
At least 10 people lost their lives in the collapse of an artisanal gold mining site on Friday at Sideradougou in western Burkina Faso, a local source on Monday said.
Lagos Governor, Babajide Sanwo-Olu, has re-ordered the 2019 Budget of the state with a letter to the state Assembly seeking a loan of N250bn.
The Minister of Health, Dr Osagie Ehanire, has said that oncological services were very expensive in Nigeria due to the stages of diagnosis involved in confirming cancer diseases.