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Bureau De Change
The Central Bank of Nigeria (CBN), in continuation of its intervention in the foreign exchange market, has injected another sum of $210 million to boost sales in the inter-bank segment of the market.
In its first intervention in the foreign exchange market for December, the Central Bank of Nigeria (CBN) yesterday injected the sum of $210 million in the inter-bank foreign exchange market.
The Central Bank of Nigeria (CBN) has continued its intervention in the retail Secondary Market Intervention Sales (SMIS) by injecting a total of $331.22 million in that segment of the market, in addition to CNY51.86 million in the spot and short-tenored forwards segment.
The Central Bank of Nigeria on Thursday said it plans to boost its dollar sales to exchange bureaus after the currency weakened sharply on the black market.
The Nigerian central bank plans to boost its dollar sales to exchange bureaus after the currency weakened sharply on the black market.
The Naira on Thursday depreciated at the parallel market, exchanging at N368 to the dollar.
The Central Bank of Nigeria has injected over $10.97bn, into the Forex Market between January and October this year, to defend the Nation’s currency, the Naira, against other major currencies, including the dollar.” (See Punch Newspaper report of November 18th 2018 titled “CBN Defended Naira with $11bn in 10 months”).
It was sold at N363.5 to the dollar, as against N363 traded on Friday, while the Pound Sterling and the Euro closed at N480 and N417, respectively.
The Independent Corrupt Practices and other related offences Commission (ICPC) has launched a full scale investigation into allegations of mismanaging N2.5 billion of the N10 billion grant for the digital switch-over programme of the Nigerian Broadcasting Corporation (NBC).
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.
A mild drama ensued during the proceedings on Monday at an Ikeja High Court as three men arraigned alongside Patrick Akpobolokemi, the former Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), made a “turnaround” to become witnesses for the prosecution.
Osita Okechukwu, the Director General of Voice of Nigeria (VON) and chieftain of All Progressives Congress (APC) has mocked the People’s Democratic Party (PDP) for spending almost half a billion naira, just to launder the image of its presidential candidate, Atiku Abubakar.
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.
In its bid to rid the Federal Capital territory (FCT) of drug abuse, the National Drug Law Enforcement Agency (NDLEA) on Friday said that the support of communities would be needed to succeed.
The Standards Organization of Nigeria (SON) on Thursday warned Nigerians/ importers on the grave consequences of importation and use of fairly used cooking gas cylinders.
The Lagos State Government on Thursday sent forth 21 Permanent Secretaries (PS) who retired from the civil service between January and November, 2018.
Presidential candidate of the Social Democratic Party (SDP) Donald Duke has cleared the air over a rumour that his running mate has resigned.
The Ogun Chief Judge (CJ), Justice Mosunmola Dipeolu, has granted pardon to 68 inmates from the five prisons in the state.
The Federal Government is working toward early implementation of new minimum wage which has caused a lot of controversies in recent times, Boss Mustapha, the Secretary to the Government of the Federation said.
Former vice president and presidential candidate of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar, has finally signed the 2019 General Elections Peace Accord.
NFF President Amaju Pinnick has revealed an ambitious world cup target for the Super Falcons ahead of the 2019 FIFA Women’s World Cup.
President Muhammadu Buhari has assured the nation that the results of the 2019 presidential election would be a reflection of the wish of the people.
Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) directs its members to shut down all loading operations by midnight
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