Tag: CBN
CBN slashes bureau de change dollar rate to N360
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...
Again, CBN boosts forex supply with $195m
The Central Bank of Nigeria (CBN) on Tuesday sustained the supply of foreign exchange to the market by concluding arrangement to release the sum...
CBN pumps additional $100m into the market
The Central Bank of Nigeria (CBN) on Tuesday further injected another sum of $100m into the interbank foreign exchange market in continuation of its...
Insolvency: Abuja company asks court, CBN to shut Heritage Bank down
An Abuja based company, Geonel Integrated Services Limited, has asked the Federal High and the Central Bank of Nigeria (CBN) to wind up Heritage...
Dollar set to crash further as CBN pumps additional $180m
In keeping with its determination to increase liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) on Monday released another $100m...
Naira appreciates further at parallel market
The naira on Thursday consolidated its gains against the dollar at the parallel market, few days after the Central Bank of Nigeria (CBN) announced...
Naira counterfeiting is less than one per cent – CBN
The Central Bank of Nigeria (CBN) has denied reports that about 20 per cent of the Naira currency notes in circulation are counterfeited.
In a...
Four executive directors of Skye Bank resign
Four executive directors of Skye Bank have tendered their voluntary resignation, the bank announced in a statement on Friday.
The directors who had served in...
Heritage Bank sacks 400 staff, more to go
Heritage Bank has embarked on mass retrenchment of its workers with 400 staff sacked in December.
There is apprehension in the bank as more workers...
Heritage Bank moves to deepen support to agric value chain
Heritage Bank Plc has disclosed plans to revolutionise the agricultural value chain field, particularly the rice farming that will enhance agribusiness and aid economic...