Archives for MONEY MARKET - Page 301
CBN’s Sectoral Forex Strategy Stabilizes Naira
Pragmatic initiatives taken by the central Bank of Nigeria (CBN) to commence sectoral foreign exchange interventions may have started yielding positive results by way of stabilizing the exchange of the…
Access to Forex by SMSEs: CBN vows to sanction defaulters
The Central Bank of Nigeria (CBN) said it deal decisively with any financial institution that deny access to Forex by small and medium-scale enterprises. Fielding questions with journalists on the…
CBN intervenes with $100m in FOREX Market …Banks only able to pick up $68.51 million …To sell $20,000 to BDCs
Following its injection of $280 million into the Foreign Exchange Market on Tuesday, April 18, 2017, the Central Bank of Nigeria (CBN) again on Wednesday, April 19, 2017, carried out…
World economy shrugs off political risks as prospects across Sub SaharanAfrica improve
Global business confidence rebounded in the first quarter of 2017 and is now at its highest level since the second quarter of 2015 said the latest edition of the Global…
Transcorp listed among top 500 companies in Africa
Transnational Corporation of Nigeria (Transcorp) has made the list of Africa’s top 500 companies recently released by The Africa Report a leading news magazine publication owned by Paris-based media group,…
FirstBank Provides Secure and Convenient Money Transfer Services to Customers
As the most valuable banking brand in Nigeria, First Bank of Nigeria Limited has been on a journey of strength and dynamism committed to providing the best financial solutions to…
Heritage Bank partners Workforce group to promote impactful leadership
Heritage Bank Plc, Nigeria’s most innovative banking service provider, has partnered Workforce group in a bid to enhance impactful leadership that will contribute to the financial performance of an organisation.…
CBN sustains FOREX intervention …floats in US$418 million
In a sustained effort geared towards ensuring ample supply of foreign exchange liquidity in the market, the Central Bank of Nigeria on Friday auctioned the sum of US$418 million at…
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…
