Archives for MONEY MARKET - Page 220
CBN Injects $210 Million into Forex Market
The interbank segment of the Foreign Exchange Market has received a boost of $210 million from the Central Bank of Nigeria (CBN) following sales concluded on Tuesday, June…
Union Bank Shareholders Approve ₦ 54.4 billion Share Premium Reduction
By Ngozi Onyeakusi -- Shareholders of Union Bank of Nigeria Plc. have approved the proposed reduction of ₦ billion from the Bank’s Share Premium Account in a bid…
FG Offers 2-Year, 3-Year Savings Bonds At 11.41%, 12.41% In June
The Federal Government has offered for subscription two-year savings bond at per cent and three-year savings bond at per cent per annum. This was announced by Debt…
Govt should explore opportunities in taxation, says Chike-Obi
There are hidden economic opportunities in taxation which government should explore by brining more people into the tax net, the Executive Vice Chairman, Alpha African…
FIRS Staff Urges President Buhari Not To Reappoint Fowler As Chairman
Some workers of the Federal Inland Revenue Service (FIRS) have urged President Muhammadu Buhari not to reappoint the Executive Chairman of the service, Mr Babatinde Fowler, for…
CBN Blocks Smugglers’ Account In Textile, Rice, Palm Oil Industries
The Governor, Central Bank of Nigeria, Godwin Emefiele, has said the bank has blocked the accounts of some smugglers sabotaging Nigeria’s economy in the textile, rice…
G20 Economies Releases New Guideline For Lending, Borrowing
G20 Finance leaders have adopted new principles to ensure countries that lend and borrow for infrastructure spending do so in a sustainable manner. The move was aimed…
Fidelity Bank Unveils Loan Product For ASPMDA
Fidelity Bank Plc. has sealed a deal with the Auto Spare Parts and Machinery Dealers’ Association (ASPMDA), with a new banking product that will boost lending. Mr Nnamdi…
Textile Sector Revamp: CBN Engages 100,000 Farmers
By Ngozi Onyeakusi--- The Central Bank of Nigeria (CBN) has sealed a deal with the National Cotton Association of Nigeria to engage 100,000 Cotton farmers…
CBN injects $294.7m, CNY 31.43m into Retail SMIS
The Central Bank of Nigeria (CBN) on Friday, May 31, 2019, again intervened in the retail Secondary Market Intervention Sales (SMIS) to the tune of $ Figures…
