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The Central Bank of Nigeria (CBN) has injected 284.2 million dollars in the retail Secondary Market Intervention Sales (SMIS).
The Central Bank of Nigeria (CBN) says it has made another intervention of 298.71million dollars in the retail Secondary Market Intervention Sales (SMIS).
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.
Almost 70 per cent of Nigeria’s imports come from China and other Asian countries, while a paltry 12 per cent comes from the United States of America. This must have, no doubt, influenced the decision of the Federal Government to negotiate a currency swap deal with China.
In continuation of its intervention in the inter-bank foreign exchange market, the Central Bank of Nigeria (CBN) on Friday injected about $242.04 million into the retail Secondary Market Intervention Sales (SMIS).
The Central Bank of Nigeria (CBN) says it has injected 210 million dollars into the various segments of the market to sustain its intervention in the Inter-Bank Foreign Exchange Market.
The Economic and Financial Crimes Commission (EFCC), on Friday said its operatives arrested one Abbas Lakis, a Lebanese for money laundering after he was found with undeclared currencies worth over a billion naira.
Family Bank, a leading bank in Kenya, has partnered with London-based financial technology firm, SimbaPay, to launch an instant money transfer service from Kenya to China.
The National Emergency Management Agency (NEMA) has countered the claims of violation of public trust against it by the House of Representatives Committee on Emergency and Disaster Preparedness.
The National Emergency Management Agency, NEMA, has insisted that the House of Representatives lied in the report of its committee on Emergency and Disaster Preparedness, which indicted the agency of violation of public trust in the disbursement of over N33bn emergency intervention fund.
The National Emergency Management Agency (NEMA) has expressed shock over allegations of violation of public trust made against it by the House of Representatives committee on Emergency and Preparedness Response.
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 dollar continued to brush aside other currencies Thursday after further proof of the booming US economy sent Treasury yields surging, but Asian equities sank with more Federal Reserve rate hikes looking certain.
The Central Bank of Nigeria (CBN) has sustained its intervention in the Inter-Bank Foreign Exchange Market by injecting 210 million dollars into the various segments of the market.
U.S. President Donald Trump has directed aides to proceed with tariffs on about another $200 billion of Chinese goods, despite Treasury Secretary Steven Mnuchin’s attempts to restart trade talks with China, a source familiar with the matter said.
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Stakeholders have continued to react to the recent directive given by President Muhammadu Buhari to the Central Bank of Nigeria (CBN) to restrict forex on food items being imported into the country.
In a trending video, leader of the Islamic Movement in Nigeria, Sheikh Ibraheem El-Zakzaky glamorized his detention experience since December 2015.
Dozens of Turkish bar associations are threatening to boycott President Recep Tayyip Erdogan’s planned ceremony to open the judicial year at the presidential palace, saying it would be another violation of the judiciary’s independence.
Four people have died and nine were injured after being attacked by a patient in a psychiatric hospital, Romanian press reports said Sunday.
The senator representing Abia-South senatorial district, Enyinnaya Abaribe, has condemned the attack on the former deputy senate president, Dr Ike Ekweremadu, by members identified as the Indigenous People of Biafra, IPOB.
The National Youth Service Corps (NYSC) has posted 1, 400 corps members to Gombe State as members of the 2019 Batch B Stream II, for the mandatory one year national service.
Security forces in Afghanistan’s northern Takhar province arrested two drug traffickers on Saturday, local authorities confirmed.
The Justice Nicholas Oweibo-led Federal High Court sitting in Lagos has, Wednesday, ordered that Abdullahi Babalele, the son in-law to ex-Vice President and the Presidential Candidate of the People’s Democratic Party, PDP, in the 2019 general elections, Atiku Abubakar, be remanded in EFCC’s custody.
The US Federal Bureau of Investigation (FBI) has arrested Nigerian entrepreneur, Obinwanne Okeke of conspiracy to commit fraud running into the sum of 12 million US dollars.
Aruna Quadri stunned one of the most decorated Japanese stars in table tennis to reach the semfinal round of the ITTF World Tour tagged Bulgaria Open.