BDCs to Boycott $25m CBN Auction Over Pricing Bureaux de Change (BDCs) operators said they will not participate in today’s $25 million weekly dollar auction by...
Banks Get Dollar Surplus as CBN Offers $100 Million The Central Bank of Nigeria (CBN) ended the week with a fresh dollar intervention at the interbank...
CBN’s Planned Interventions May Crash Dollar Further The United States dollar may record further loss this week as indications have emerged that the Central Bank of...
NASI Sheds 0.77% as MPC Holds Rates The Nigerian Equities market closed under water Week-on-Week, declining by 0.77% to bring the Year-to-Date return to -5.28%. However,...
CBN Offers One-year TB Above Inflation Rate The Central Bank of Nigeria on Thursday said it sold one-year treasury notes at 18.69 per cent, above inflation...
FG to Establish Niger Delta Development Bank The federal government is working towards the establishment of a Niger Delta Development Bank to speed up the development...
External Reserves Drop for First Time Since December The nation’s foreign exchange reserves, which had increased significantly in recent months to hit the $30bn mark, fell...
Senate Approves $500m Eurobond to Fund 2016 Budget Deficit The Senate on Wednesday approved President Muhammadu’s Buhari request for $500m Eurobond in the International Capital Market...
FG, States, LGs Share N429bn for February A total of N429.127 billion has been distributed as federal allocation for the month of February 2017 to federal...
CBN Says Banks Becoming Less Resilient, Retains key Rates The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday said that the adverse macroeconomic...
