Archives for MONEY MARKET - Page 294
AMCON yet to clear DSC staff salary arrears, benefits
Workers of Delta Steel Company (DSC), Aladja, Delta State have disclosed that the Assets Management Corporation of Nigeria (AMCON) is yet to settle their salary arrears and benefits. This development,…
Stress Test: Three banks in trouble says CBN
The Central Bank of Nigeria (CBN) has disclosed that Capital Adequacy Ratios (CARs) of three big Nigerian banks have fallen below regulatory capital requirement. The result of stress test conducted…
Forex: Dealers subscribe fully to CBN $150m wholesale offer …CBN sells $10,000 to BDCs
Authorised foreign exchange dealers have fully subscribed to the $150 million offered by the Central Bank of Nigeria (CBN) at the forex auction in the interbank wholesale window on Tuesday.…
CBN boosts forex supply by $240 million …..$150 million for Wholesale auction. . …. $90million for BTA, PTA, medicals.
The Central Bank of Nigeria (CBN) on Monday released the the sum of $90 million to meet requests for invisible such as Business Travellers Allowance, Personal Travellers Allowances, medical ,…
CBN confirms Adequate Forex for PTA, BTA, Tuition & Medical Fees
The Central Bank of Nigeria (CBN) has confirmed availability of adequate Forex for PTA, BTA, Tuition & Medical Fees. The clarification was given following information that some customers seeking to…
Fidelity Bank, others boost export with AGOA workshop for Aba Leather and garment entrepreneurs
As part of efforts aimed at boosting exports in Nigeria, Fidelity Bank has been in the vanguard of providing capacity building initiatives for customers and the business community across the…
BDCs now to get dollar at N360/$1 …$100m offer fully subscribed
Barely 24 hours after its directive to Deposit Money Banks (DMBs) in the country to sell foreign exchange obtained from it to retail end-users at not more than N360/$1 for…
MPC: Again CBN retains interest rate at 14%
The Central Bank of Nigeria (CBN) at the end of its second Monetary Policy Meeting (MPC) in 2017 voted to retain MPR at 14%. Even the Cash Reserve Ratio was…
Heritage Bank, Lagos State sponsor one-day seminar for JAMB students
Heritage Bank Plc, Nigeria’s most innovative banking services provider, has taken another giant step towards being the timeless wealth partners with its stakeholders, as it sponsored a one-day JAMB Seminar…
FOREX: CBN lifts supply with $143m …invisibles get $43m
The Central Bank of Nigeria (CBN) today offered a total of $143 million to meet bids for forwards, which includes requests for invisibles such as medicals, school fees and personal…
