Home Topics BDC

BDC

Central bank injects $210 million into forex market

The Central Bank of Nigeria (CBN) has injected the sum of 210 million dollars into Nigerian Inter-Bank Foreign Exchange market following conclusion of Tuesday’s transactions.

Central bank injects $210 million into forex market

The Central Bank of Nigeria (CBN) has injected the sum of 210 million dollars into the inter-bank Foreign Exchange Market after the transactions on Tuesday, July 30.

Central bank injects $284.2 million, ¥36 million into retail secondary market

The Central Bank of Nigeria (CBN) has injected 284.2 million dollars in the retail Secondary Market Intervention Sales (SMIS).

Forex: Central bank injects $298.71 million into retail market

The Central Bank of Nigeria (CBN) says it has made another intervention of 298.71million dollars in the retail Secondary Market Intervention Sales (SMIS).

Central bank injects $956 million, ¥63 million into forex market

The Central Bank of Nigeria (CBN) last month expended over $956 million to defend the nation’s currency, the Naira, at the various segments of the foreign exchange (forex) markets.

Naira closes at N359.5 per dollar at parallel market in Lagos

The Naira on Tuesday closed at N359.5 to a dollar at the parallel market in Lagos, newsmen reports.

Police kill alleged notorious kidnapper in Ikorodu

An alleged notorious kidnapper Mufutau Timileyin Sulaimon alias Pencil was on Sunday night shot dead during gun battle with operatives of the Lagos State Police Command.

Olisa Metuh: How I spent N400 million from ex-NSA Dasuki

Olisa Metuh, the former National Publicity Secretary of the Peoples Democratic Party (PDP), on Tuesday, told a Federal High Court sitting in Abuja, how he spent an alleged N400 million traced to him as proceed of money laundering by the Economic and Financial Crimes Commission (EFCC).

Naira exchanges at N359.4 to dollar at parallel market

The naira on Monday traded at N359.04 to the dollar at the parallel market in Lagos.

Naira gains against dollar at parallel market

The Naira on Tuesday gained 40 Kobo to exchange at N359 to the dollar at the parallel market in Lagos, stronger than N359.6 traded on Monday.

Forex market gets $210 million Intervention

The Central Bank of Nigeria (CBN) yesterday injected the sum of $210 million into the interbank foreign exchange market, in continuation of its sustenance of liquidity in that segment of the market.
Five Nigerians, who allegedly robbed a bureau de change in Sharjah, United Arab Emirate (UAE), have been arrested.

UAE restricts visa to Nigerians after Dubai BDC robbery

The United Arab Emirates (UAE) has slammed a visa restriction on Nigerian visitors, by suspending the issuance of three months visa.
Travelex

Travelex: Nigeria, other African nations lose $50 billion to illicit flows annually

Travelex Nigeria Limited at the weekend disclosed that Nigeria and other African countries “are losing over $50 billion annually through illicit financial flows.”

Naira gains against dollar at investors window

The Naira on Friday gained against the dollar at the investors window, exchanging at N360.18 to the dollar.

Ex-NAF chiefs’ alleged N21 billion fraud trial begins afresh

The trial of former Chief of Air Staff, Air Marshal Adesola Amosu, has begun afresh at the Federal High Court in Lagos.

Naira appreciates against dollar at I&E window

The Naira on Thursday appreciated against the dollar at the import and export (I&E) window in Lagos, exchanging at N360.99 to the dollar from the N361.18 it traded on Wednesday.
Dollar

ABCON: Fake $100 bills in circulation

The Association of Bureaux De Change Operators of Nigeria (ABCON) on Friday alerted members of the public about ongoing security investigation into fake $100 bills allegedly imported into Nigeria from India.
The Economic and Financial Crimes Commission (EFCC) says an investigation is ongoing on the seized $2.8 million at Akanu Ibiam International Airport, Enugu.

EFCC arrests Atiku Abubakar’s associate over alleged laundering of $4 million

The Economic and Financial Crime Commission (EFCC) is reported to have arrested an associate of the Peoples Democratic Party (PDP) presidential candidate, Atiku Abubakar, over alleged laundering of $4 million.

Recent Stories

Super Falcons captain Asisat Oshoala has announced the death of her stepmother.

Super Falcons skipper Asisat Oshoala loses stepmum

“I’ve heard lots of it has happened, it has happened, there is nothing you can do to bring her back, you are a strong girl… I just cannot process these lines, mummy, you are not gone; it is not possible.”
“I think this matter should be handed to scientists and medical professionals, and not politicians, who lie for their own domestic political ends,” said foreign ministry spokeswoman, Hua Chunying, at a regular press briefing.

China to sanction U.S. officials for ‘nasty’ behaviour over Taiwan

Ministry spokeswoman Hua Chunying made the comment in response to a question about U.S. Secretary of State Mike Pompeo’s decision this month to lift restrictions on contacts between U.S. officials and their Taiwanese counterparts.
Russian opposition politician Alexei Navalny and his wife Yulia are seen in a still image from video on board of a plane before the departure for Moscow at an airport in Berlin, Germany January 17, 2021 in this still image from video obtained from social media. Courtesy of Instagram @NAVALNY/Social Media via REUTERS

UK worried about Alexei Navalny’s safety after Russia detains him – minister

Britain is worried about the safety of Kremlin critic Alexei Navalny after he was detained on return to Moscow, British Vaccine Deployment Minister Nadhim Zahawi said on Monday.
The National Drug Law Enforcement Agency, (NDLEA) Nnamdi Azikwe International Airport (NAIA), Abuja has intercepted 21.9kg of Cocaine.

NDLEA intercepts 21.9kg of cocaine at Abuja airport

According to him, during the inward clearance of the flight, the vigilant officers of the Command became suspicious upon noticing that the two brief cases were abandoned on the conveyor belt without any of the passengers claiming them.
The Nigeria Governors’ Forum (NGF) and the Federal Government have commenced a Human Capital Development (HCD) plan towards moving 24 million Nigerians out of poverty before 2030.

Nigerian governors to meet over coronavirus second wave as schools re-open

The Nigerian Governors Forum on Monday said it will meet on Wednesday to chart a way out of the second wave of the pandemic as schools reopen across the country.