Finance Archives — Page 8 of 21

September 19, 2018 No Responses

Again, CBN Lifts FOREX Market With $210m

The Central Bank of Nigeria (CBN) has again intervened in the inter-bank Foreign Exchange Market to the tune of $210 million. According to the figures obtained from the CBN on Tuesday, September 18, 2018, the Bank offered $100million to authorized...

September 15, 2018 No Responses

Financial Experts Meet On Global Cyber Resilience

Key global and regional payment, clearing and settlement operators met at a roundtable in Paris on Friday to discuss cyber security and the resilience of financial market infrastructures (FMIs) and the wider market ecosystem. Senior executives, together with...

September 12, 2018 No Responses

Nigeria Explains Paris Club Refund To States

The Federal Ministry of Finance on Tuesday provided some clarifications on the Paris Club Refund approved for the 36 States of the Federation. It will be recalled that the issue of Paris Club loan over-deduction had been a long...

September 7, 2018 No Responses

Osinbajo: Business Support Services, MSMEs Must Be Sustained

The Vice-President, Prof.Yemi Osinbanjo, has called for the sustenance of the Business Support Services and financing of 15,000 Micro, Small and Medium Enterprises (MSMEs) in the Federal Capital Territory (FCT). The News Agency of Nigeria (NAN) reports that th...

September 6, 2018 No Responses

Citi Bank Nigeria Silent On Alleged Unauthorised Remittance Of FOREX

A response letter on the alleged unauthorised remittance of foreign exchange on behalf of MTN has been forwarded to the Central Bank of Nigeria (CBN) by the management of Citi Bank. However, the management of Citi Bank in a...

August 25, 2018 No Responses

Nigeria Lifts Forex Market With $543m, CNY 63m

In another major round of interventions, the Central Bank of Nigeria (CBN) on Thursday, August 23 and Friday, August 24, 2018, injected a total sum of $543.22 million and CNY 63.21 million into the inter-bank foreign exchange market. At the...

August 24, 2018 No Responses

Naira Weakens Against Dollar At Parallel Market

The Naira on Thursday lost 30 kobo to exchange at N358.30 to the dollar at the parallel market in Lagos, weaker than N358 traded on Wednesday. The Pound Sterling and the Euro closed at N475 and N418, respectively. At the...

August 21, 2018 No Responses

WFE Proposes Enhancements To Financial Stability Board’s Cyber Lexicon

The World Federation of Exchanges (WFE), has published its response to the Financial Stability Board’s (FSB) Cyber Lexicon Consultation. The FSB’s document – a draft glossary of common terms related to cyber security and cyber resilience –...

August 18, 2018 No Responses

Naira Gains 40k Against Dollar At Parallel Market

The Naira gained 40k against the dollar at the end of Friday trading, exchanging at N359.6 stronger than N360 traded on Thursday. The Pound Sterling and the Euro closed at N469 and N413 respectively. At the Bureau De Change (BDC)...

August 15, 2018 No Responses

Nigeria Lifts Forex Market With $210m

The Central Bank of Nigeria (CBN) has sustained its intervention in the inter-bank foreign exchange market by injecting yet another sum of $210,000,000 into various sums of the market on Tuesday, August 14, 2018. At Tuesday’s trading, the Bank offered...

August 11, 2018 No Responses

Investors Stake N2.7B On UBA, Wema Bank, Zenith In Five Days

For the week ended August 10, 2018, investors on the floor of Nigerian Stock Exchange (NSE) staked not less than N2.7Billion on 260.554 million shares of United Bank for Africa Plc, Wema Bank Plc and Zenith International Bank Plc in...

August 8, 2018 No Responses

Nigeria Boosts Forex Market With $210m

Citing need to boost forex availability and meet customers’ requests in various segments of the market, the Central Bank of Nigeria (CBN) on Tuesday injected $210 million into the inter-bank Foreign Exchange (forex) Market. At the forex trading, the CBN...

July 30, 2018 No Responses

Pension Fund Assets Hit N8.14trillion

As at end of May, 2018, total pension fund assets stood at N8.14 trillion, the National Pension Commission (PenCom) has revealed. According to PenCom spokesman, Peter Aghahowa, the assets rose from N7.52 trillion in December 2017, adding that: ”The....

July 28, 2018 No Responses

CBN Approves $340m, CNY69m For Agric, Raw Materials

The Central Bank of Nigeria (CBN), on Friday, provided 340 million dollars and 69 million Chinese Yuan (CNY) to customers seeking foriegn exchange in the agricultural and raw material sector. The acting Director, Corporate Communications, Mr Isaac Okorafor,...