CBN and NNPC To Spend N1 billion On 3,000 Returnees
The Central Bank of Nigeria (CBN) and the Nigerian National Petroleum Corporation (NNPC) have both agreed to spend about N1 billion to cater for the over 3,000 Nigerians who are…
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Goods With Local Substitutes Will Not Benefit from Forex – Emefiele
The Central Bank of Nigeria Governor, Mr. Godwin Emefiele, has said that the CBN will not support the importation of items that can be produced in Nigeria with forex. As…
Continue readingFOREX Is Available, CBN Assures Foreign Investors Of Funds Transfer
The Central Bank of Nigeria, CBN, has assured foreign investors of the security of their investments in the country despite the dwindling revenue from the sale of crude oil globally….
Continue readingNigeria Foreign Reserves Gain $449.5m
Nigeria’s foreign reserves have returned to a growth path, gaining $449.5m in one week, figures from the Central Bank of Nigeria (CBN) have revealed. According to the CBN, the reserves…
Continue readingCentral Bank Of Nigeria – Dutch Auction Of Nigeria Treasury Bills (May 2020)
CENTRAL BANK OF NIGERIAwww.cbn.gov.ngTENDER NOTICECENTRAL BANK OF NIGERIA ON BEHALF OF DMO OFFERS NIGERIA TREASURY BILLS Notice is hereby given by the Central Bank of Nigeria on behalf of DMO……
Continue readingNaira Firms On Black Market After CBN Resumes FX Sales
The Nigerian naira firmed around 6.5% on the black market on Tuesday from a week ago after the central bank resumed U.S. dollar sales to commercial lenders following this week’s…
Continue readingNigeria Foreign Reserves Shed $5.09bn In Four Months, Drops to $38.53bn
Nigeria’s foreign reserves have continued its downward trend, dropping by $5.09bn from $38.53bn on January 2, 2020, to $33.44bn as of April 28, 2020. According to the figures latest statistics…
Continue readingCentral Bank of Nigeria (CBN) Resumes Dollar Sales For SMEs, School Fees
The Central Bank of Nigeria (CBN) has resumed the provision of foreign exchange to banks to enable parents to pay for school fees and to allow Small and Medium Enterprises…
Continue readingNaira Crashes To N450 To $1 At Parallel Market Amid FX Scarcity
The volatility of Nigeria’s foreign exchange market seems to be heading towards the 2015 crisis era as the naira has further depreciated to N450 to a dollar in the parallel…
Continue readingBreaking: Naira Slides To 3-Year Low After Oil Price Crash
The Naira fell to its lowest level against the dollar in three years on the black market on Tuesday, traders said, a day after a historic oil price rout pushed…
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