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Mr. Okwu Joseph Nnanna (Deputy Governor, Central Bank of Nigeria), Mauritius, March 2, 2015.

Central bank deputy chief calls for speedy passage of factoring bill

The Deputy Governor, Economic Policy, Central Bank of Nigeria (CBN), Dr. Joseph Okwu Nnanna, has called on the National Assembly to expedite action on the passage of the Factoring Bill currently before the parliament.

Man jailed for being in possession of fake currency notes

A Federal High Court in Lagos on Tuesday sentenced a 26-year-old man, Seun Abdulahi, to one year in prison for being in possession of fake Naira notes.

Naira gains against dollar at parallel market

The Naira on Friday firmed up against the dollar at the parallel market, gaining 20 kobo to exchange at N359 to the dollar, the News Agency of Nigeria reports.

Naira stable at N360/$ at parallel market

The Nigerian currency had been trading at N360 to the Dollar for four days running, while the Pound Sterling and the Euro closed at N486 and N420, respectively.

Turnover in fixed income, currency markets hits N14.3 trillion in May

Transaction turnover in the Fixed Income and Currency (FIC) markets for the month of May amounted to N14.30trillion, a 4.30 percent (N0.64trn) decrease from the value recorded in April and a 50.60 percent (N4.80trn) increase Year on Year.

Naira strengthens against dollar at parallel market

The Naira on Wednesday gained 50 kobo to firm against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports.

AfDB approves $10 million equity investment in financial sector deepening fund

The African Development Bank says it has approved $10 million equity investment in the financial sector deepening fund to strengthen the capital base of local financial institutions.

Angola’s foreign reserves hit $14.6 billion

The net foreign reserves of Angola rose to $14.615 billion in May from $12.798 billion in April, data posted on the Central Bank’s website showed on Friday.

Naira weakens against dollar at parallel market

The Naira on Wednesday fell by one point exchanging at N361.5 to the dollar at the parallel market in Lagos.

House of Representatives queries NEXIM Bank over arbitrary lending rates to MSMEs

The Chairman, House of Representatives Committee on Banking and Currency, Hon. Chukwudi Jones Onyereri, has expressed displeasure over what he described as an abysmal high interest rates on loans granted by the Nigerian Export-Import Bank (NEXIM) to Micro Small and Medium Enterprises (MSMEs).

Naira depreciates against dollar at parallel market

The Nigerian currency lost one point to exchange at N363, weaker than N362 posted on Thursday, while the Pound Sterling and the Euro closed at N496 and N429, respectively.

Central bank steps up campaign to stop Naira abuse

As Central Bank of Nigeria (CBN), for the umpteenth time, urged the public to refrain from accepting multilated Naira notes from banks, all tiers of government equally have a role to play via mass education in changing the orientation of Nigerians towards the currency.

Nigeria, China ink currency swap deal

China’s central bank said, on Thursday, that it had inked a currency swap agreement with its counterpart in Nigeria.

Another comedy of shame

Legislative rascality has a long, chequered history. Perhaps one of the most dramatic in the Senate in the last 18 years happened on the watch of Chuba Okadigbo, when former President Olusegun Obasanjo tried by means fair and foul to remove Okadigbo as president of the Senate.

FADAMA GUYS: World Bank to disburse N8.6 billion to 5,916 Nigerian youths

The World Bank, through the FADAMA III Additional Financing (AFII) Programme, will soon disburse N8.6 billion to 5,916 youths across the country in the Graduate Unemployment Youths Support Scheme (FADAMA GUYS).

Naira depreciates to dollar

The Naira on Wednesday depreciated to N360.16 to the dollar at the investor’s window, losing 70kobo from N360.09 traded on Tuesday.

IMF: Nigeria’s inflation will remain double digits in 2018

The International Monetary Fund (IMF) has projected that Nigeria’s inflation will remain in the double digits in 2018.

2019: PDP accuses federal government of plot to clampdown on opposition, CSOs

The Peoples Democratic Party (PDP) has alleged clandestine plots by certain agents of the federal government and the All Progressives Congress (APC) to clampdown on key members of the opposition parties ahead of the 2019 general election.

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