Archives for MONEY MARKET - Page 302
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…
Economy: CBN, Fiscal Authorities Meet in Abuja
Desirous of monetary and fiscal collaboration in order to pull the Nigerian economy of the current crunch, economic management leaders from the Central Bank of Nigeria (CBN) and the Ministries…
Dollar Set To Crash Further As CBN Boosts Sale
The US Dollar is set to crash further this week as the Central Bank of Nigeria (CBN) plans to inject more FOREX into the market to meet the requests of…
