Naira – Page 4 – City Business News

October 30, 2020 No Responses

CBN Explains Framework For N75b Youth Investment Fund

The Central Bank of Nigeria (CBN) has released guidelines for implementation of the proposed N75 billion Nigeria Youth Investment Fund (NYIF). CBN, in a statement by its Development Finance Department, stated that the fund was a built-in strategy to effectively...

August 10, 2019 No Responses

CBN Injects $280.04m, CNY 28.3m Into Retail SMIS

The Retail Secondary Market Intervention Sales (SMIS) has received a boost of $280.04 million from the Central Bank of Nigeria (CBN), which also injected the sum of CNY 28.3 million in the spot and short tenored forwards segment of the...

May 10, 2019 No Responses

Naira Remains Stable At Parallel Market

The Naira on Thursday remained stable at the parallel market in Lagos, exchanging at N359.3 to the dollar. The Pound Sterling and the Euro traded at N472 and N402, respectively. At the Bureau De Change (BDC) window, the naira was...

April 29, 2019 No Responses

CBN To Withdraw Dirty, Mutilated Notes

The Central Bank of Nigeria (CBN) has unveiled fresh plans to withdraw from circulation dirty and mutilated notes. According to the apex Bank, a large proportion of the N7.9 trillion pieces of naira notes in circulation are dirty, mutilated, unfit...

June 22, 2018 No Responses

‘Nigerian Banks Lose N12.30B To Fraud In Four Years’

The Nigerian Inter-Bank Settlement System (NIBSS), on Thursday said the banking industry lost the sum of N12.30 billion to various frauds between 2014 and 2017. Mr Adebisi Shonubi, Managing Director, NIBBS, disclosed this at the third Annual Banking Security S...

June 20, 2018 No Responses

Naira Converges At N360 To Dollar

The Naira on Tuesday converged at N360 to the dollar across the major foreign exchange market, the News Agency of Nigeria(NAN) reports. At the parallel market, the naira traded at N360 to a dollar, stronger than the N360.6 exchanged before...

June 14, 2018 No Responses

Naira Firms Up 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 The Nigerian currency exchanged at N361 to the dollar, stronger than the N361.50 traded on...

May 31, 2017 No Responses

CBN enhances Naira with $482.6m

As part of ongoing efforts, the Central Bank of Nigeria (CBN) on Tuesday intervened in the inter-bank market to the tune of $482.6 million. A statement issued by its Acting Director, Corporate Communications, Isaac Okorafor, in Abuja explained that...