• Inter-Bank Forex Market: CBN Intervenes With $210m

    Inter-Bank Forex Market: CBN Intervenes With $210m0

    The Central Bank of Nigeria (CBN) has injected the sum of 210 million dollars into Nigerian Inter-Bank Foreign Exchange market following conclusion of Tuesday’s transactions. The bank’s Director, Corporate Communications Department, Isaac Okorafor, made this known in a statement in Abuja on Tuesday. Okorafor explained that the figure released by CBN on Tuesday indicated that

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  • Naira Closes at 359.3 to Dollar at Parallel Market

    Naira Closes at 359.3 to Dollar at Parallel Market0

    The naira on Monday traded at N359.3 to the dollar at the parallel market in Lagos. The pound sterling and the euro closed at N463 and N407 respectively. At the Bureau De Change (BDC) segment, the naira exchanged at N360 to the dollar, while the pound sterling and the euro closed at N463 and N407

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  • CBN Sets September Deadline for Mutilated Notes

    CBN Sets September Deadline for Mutilated Notes0

    Organised labour lauds Emefiele Nume Ekeghe and Solomon Elusoji. The Central Bank of Nigeria (CBN) has said banks now have between June 3 and September 2, to collect and sort all mutilated notes in their possession for reissuing The central bank’s Director of Corporate Communications, Mr Isaac Okorafor, made the disclosure while engaging with leaders

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  • CBN Governor-Nigeria may slide back to recession

    CBN Governor-Nigeria may slide back to recession0

    The Governor of Central Bank of Nigeria, CBN, Godwin Emefiele, has expressed fears that Nigeria may slide into another recession if measures are not taken to tackle the high rate of unemployment and other economic crisis. Emefiele said this today at the University of Benin, while delivering a lecture titled “Beyond the Global Financial Crisis:

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  • Emefiele to Govern CBN for another five years, senate confirms

    Emefiele to Govern CBN for another five years, senate confirms0

    The Senate on Today may 16th 2019 confirmed the reappointment of Godwin Emefiele as governor of Central Bank of Nigeria, CBN for a five-year tenure. The confirmation, which was made at about 11.30 this morning, was in consideration of the report of the Senator Rafiu Ibrahim, PDP, Kwara South led Committee on Banking, Insurance and

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  • Buhari retains Emefiele as CBN governor

    Buhari retains Emefiele as CBN governor0

    President Muhammadu Buhari has nominated governor of the Central Bank of Nigeria (CBN), Godwin Emefiele for a second term in office. A letter for the tenure renewal was signed by Buhari on Wednesday and has now been sent to the senate for confirmation Following The CBN Act which stipulates that the senate must confirm the

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