Naira Stable At N360/$ At Parallel Market

Naira Stable At N360/$ At Parallel Market

The Naira maintained N360 to the dollar at the parallel market on Monday in Lagos, the News Agency of Nigeria (NAN) reports.  The Nigerian currency had been trading at N360 to the dollar for four days running, while the Pound...
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CBN To Banks: Resolve USSD Disputes In Three Days

CBN To Banks: Resolve USSD Disputes In Three Days

The Central Bank of Nigeria (CBN), on Saturday directed all commercial banks to resolve disputes arising from use of Unstructured Supplementary Service Data (USSD) channel within three days. Mr Dipo Fatokun, CBN’s Director, Banking and Payment Systems Depart...
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Nigeria Injects Another $210m Into Forex Market

Nigeria Injects Another $210m Into Forex Market

The Central Bank of Nigeria (CBN) has made available the sum of $210million, to meet customers’ requests in various segments of the inter-bank foreign exchange market.  The CBN, in its quest to meet demands in the various segments of the...
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NSE Photo News

NSE Photo News

L – R shows Mr. Femi Ogunjimi, Co-Founder/ Director, Cardinal Stone Partners Limited; Mohammed Garuba, Co-Founder/ Director, Cardinal Stone Partners Limited; Mr. Tunji Kazeem, Group Head, Enterprise Risk Management, The Nigerian Stock Exchange (NSE); Mr. Mic...
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Investors Stake N4.85B On UBA, Zenith, FBN Holdings In Four Days

Investors Stake N4.85B On UBA, Zenith, FBN Holdings In Four Days

For the week ended June 22, 2018, trading in the shares of United Bank for Africa Plc (UBA), Zenith International Bank Plc and FBN Holdings Plc accounted for 325.580 million shares worth N4.854billion in 3,381 deals, contributing 29.68% and 31.37%...
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CBN Lifts Forex Market With $210 Million

CBN Lifts Forex Market With $210 Million

The Central Bank of Nigeria (CBN) has boosted the foreign exchange market with 210 million dollars to meet customers’ requests in various segments.   A statement issued by Mr Isaac Okorafor, Acting Director, Corporate Communications on Wednesday explained ...
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NSE Photo News

NSE Photo News

L – R: Abolaji Oyebo, Head, Technology, The Nigerian Stock Exchange (NSE); Engineer Taiwo Oluseyi, Vice President, Industry, Abuja Chamber of Commerce and Industry (ACCI); Alh. (Dr.) Abubakar Al-Mujtaba-1st Deputy President, ACCI; Tinuade Awe, Executive Dire...
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CBN Lifts Retail SMIS With $343.06m Forex

CBN Lifts Retail SMIS With $343.06m Forex

The retail Secondary Market Intervention Sales (SMIS) has received a boost of $343.06 million from the Central Bank of Nigeria (CBN), following the Bank’s intervention in the Foreign Exchange market on Thursday, June 14, 2018.  Figures obtained from the Ban...
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Bankers’ Committee: Importers With Chinese Yuan Invoices To Pay Less

Bankers’ Committee: Importers With Chinese Yuan Invoices To Pay Less

The Central Bank of Nigeria (CBN)-led Bankers’ Committee declared on Thursday in Lagos that importers with invoices from Chinese exporters will pay less than their other counterparts.  At the end of its meeting in Lagos, the committee, comprising commercial...
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CBN Injects $210m Into Foreign Exchange Market

CBN Injects $210m Into Foreign Exchange Market

The Central Bank of Nigeria (CBN) on Tuesday injected 210 million dollars to meet customers’ requests in various segments of the foreign exchange market.  The acting Director, Corporate Communications, CBN, Mr Isaac Okorafor in a statement in Abuja said the...
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NSE Photo News

NSE Photo News

L – R: Mr. Aigboje Aig-Imoukhuede, CON, Ex-Officio​, National Council, The Nigerian Stock Exchange (NSE); Mr. Oscar N. Onyema OON, Chief Executive Officer, NSE; Mr. Abimbola Ogunbanjo, President, National Council, NSE; Mrs Mojisola Adeola, Head, Council Se...
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NSE Photo News

NSE Photo News

L – R shows Favour Femi-Oyewole, Chief Information Security, The Nigerian Stock Exchange (NSE); Mrs Bilikiss Adebiyi Abiola, General Manager, Lagos State Parks and Gardens Agency (LASPARK); Tunji Kazeem, Head, Enterprise Risk Management, NSE; Mr. Desmond Maj...
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CBN Approves Wider Margin For BDCs, Offers $100m To Wholesale Segment

CBN Approves Wider Margin For BDCs, Offers $100m To Wholesale Segment

The Central Bank of Nigeria (CBN) has approved an upward review of the trading margin available to operators of Bureau De Change (BDC) in the country. Consequently, BDC operators are now to buy the United States dollar from the CBN...
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Investors Stake N70.2B On Stanbic IBTC, Access Bank, Zenith Bank In Four Days

Investors Stake N70.2B On Stanbic IBTC, Access Bank, Zenith Bank In Four Days

For the week ended June 1, 2018, transactions in Stanbic IBTC Holdings Plc, Access Bank Plc and Zenith Bank International Plc (measured by volume) accounted for 1.626 billion shares worth N70.285 billion in 2,882 deals, contributing 60.23% and 82.91% to...
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