Archives for MONEY MARKET - Page 216
Those Patronizing Cryptocurrencies Risk Their Savings — NDIC
The Managing Director, Nigeria Deposit Insurance Corporation, Umaru Ibrahim, has warned against patronizing cryptocurrencies. Ibrahim, who sounded the warning said while various forms of digital currencies currently…
Nigerian Inter-Bank Forex Market Gets $210m CBN boost
By Ngozi Onyeakusi -- The Nigerian inter-bank foreign exchange market received another boost of $210 million from the Central Bank of Nigeria (CBN) following transactions concluded on…
NNPC Secures $3.15bn To Finance OML 13
Nigerian National Petroleum Corporation (NNPC) bid to increase the nation’s crude oil reserves and daily oil production to 3million barrels per day has received a major boost…
Access Bank: More Winners Emerge in DiamondXtra Draw
By Ngozi Onyeakusi -- Ten Nigerians have emerged in the monthly draw of the DiamondXtra savings scheme season eleven initiated by Access Bank. The presentation which took…
CBN To Add Milk Importation On Forex Restriction List
Central Bank of Nigeria (CBN) has resolved to place foreign exchange restrictions on milk importers into the country. CBN Governor, Godwin Emefiele, who lamented that between $…
Union Bank Settles Defrauded Customer N8.7 Million As Court Jails Ex-Staff
Union Bank of Nigeria Plc has repaid the sum of million fraudulently withdrawn from the account of one its customers by a staff who has been jailed a…
CBN Retains Monetary Policy Rate At 13.5%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has retained the Monetary Policy Rate (MPR) at per cent. The CBN Governor, Mr Godwin Emefiele…
CBN Implores Banks On Relationship With Customers
The Central Bank of Nigeria (CBN) has advised banks and other financial institutions in the country to be transparent in their dealings in order to build customers’…
DMO Set To Auction N125bn Bonds Next Week
Federal Government is set to auction N125bn worth of bonds by subscription on July 24. This was disclosed by the Debt Management Office (DMO) in circular. DMO noted…
IMF MD Resigns, Selection Process To Commence
The Executive Board International Monetary Fund IMF has said that the Managing Director of the Fund has resigned her appointment and that selection process to replace will…
