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About 835 results for "central bank of nigeria"

Nigeria's Central Bank Bans 9 Local Banks From Trading Forex

Nigeria's Central Bank has banned nine local banks from trading in foreign exchange, accusing them of withholding $2.1 billion in government funds. The Central Bank on Tuesday said it would punish banks accused of withholding the money belonging to ... ABC News, 37 minutes ago

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NigeriaCommunicationsWeek, 2 days ago, 6 hours ago
Yahoo! Singapore, 23 hours ago
People Daily, 1 week ago
Vanguard, 2 days ago
Vanguard, 6 days ago
People Daily, 2 weeks ago
SweetCrude Reports, 3 weeks ago
NigeriaCommunicationsWeek, 3 weeks ago
BankNxt, 3 weeks ago
World Stage Group

Central Bank of Nigeria Suspends 9 Banks from Forex Market

Photo: Bloomberg Finance Magnates has learned that CBN, Nigeria's central bank, has suspended nine banks from the interbank currency market for failing to remit money owed to the government, according to a report in Reuters today. Join the ...
 Forex Magnates3 hours ago Nigeria's central bank reportedly suspended 9 banks from the FX market  Business Insider UK3 hours ago Nigeria central bank suspends nine banks from FX market, sources say  Reuters Africa19 hours ago These Nigerian banks have been barred from carrying out Forex transactions with the CBN  Uncova51 minutes ago

Nigeria to abandon naira peg in favour of open market trading

Nigeria's central bank previously pegged the naira at 197 to the US dollar but the currency trades at about half that on the black market as slump in oil revenues has hammered public finances and foreign currency reserves. The new trading rules begin on ...
 Money Control2 months ago Nigeria naira quoted at 402 per dollar on black market  Yahoo! Finance15 minutes ago REUTERS - Nigeria naira quoted at 402 per dollar on black market  Namibia Press Agency16 minutes ago
Yahoo! Singapore

Investors dump shares of Nigerian banks after FX trade suspension

LAGOS (Reuters) - Investors sold shares in Nigerian banks on Wednesday, a day after the central bank suspended nine lenders from foreign exchange transactions for failing to remit money owed to the government. The central bank suspended FCMB, First ...
 Sharenet1 hour ago

Nigeria seeks to boost economy

BLOOMBERG A man counts a pile of naira notes in Abuja, Nigeria. File picture: Suzanne Plunkett Lagos - Nigeria's central bank has asked commercial lenders to allocate 60 percent of foreign exchange (forex) purchases to manufacturers, in a bid to ...
 IOL4 hours ago Nigeria wants banks to give 60% of forex to manufacturing firms  Fin24.com23 hours ago Central Bank Suspends 9 Popular Nigerian Banks…See Shocking Details  ForNaija.com6 hours ago Nigeria's naira gains 0.8pc after central bank dollar sales  Business Recorder1 day ago
The Guardian Nigeria

NPF Microfinance Bank gets approval for eleven new branches (Nigeria)

The Central Bank of Nigeria (CBN) has approved the request of the management of the NPF Microfinance Bank for establishment of 11 more branches across the country. The Apex bank in the approval letter signed by A.O Kako on behalf of the Director, ...
 Asoko Insight3 hours ago CBN Approves 11 New Branches For NPF Microfinance Bank  Uncova1 day ago NPF Microfinance Bank Opens 11 New Branches  Nigerian Bulletin3 days ago NPF Microfinance Bank Unveils 11 New Branches  This Day Online3 days ago

Nigeria's naira gains after central bank dollar sales

Lagos - Nigeria's naira closed firmer on the interbank market on Monday after the central bank sold dollars to some commercial lenders towards the end of a session that featured no trades in the first four hours, traders said. The naira closed at ...
 Fin24.com1 day ago UPDATE 1-Nigeria's naira gains 0.8 pct after cenbank dollar sales  Reuters Africa2 days ago Nigeria's naira gains 0.8 pct after cenbank dollar sales  Yahoo! Finance2 days ago

Banks shun CBN's directive on dollar remittances to bureau operators

PHOTO:AFP Sell to only 10% of BDCs Three weeks after the Central Bank of Nigeria (CBN) ordered banks to sell Diaspora dollar remittances to Bureau De Change (BDC) operators, they have remained adamant. But for the few of the banks, which ...
 The Guardian Nigeria1 day ago Banks defy CBN's order on dollar sales to BDCs  The Nation Nigeria1 day ago
Business Recorder

Nigeria's central bank selling dollars in forex market -traders

LAGOS Aug 22 (Reuters) - Nigeria's central bank sold dollars in the forex market on Monday, four hours after the market opened with no trades, traders said. The naira rate was 308 to the dollar, its closing level in the previous session, by ...
 Reuters Africa2 days ago Nigeria's Central Bank Sells Dollars In FX Market -Traders  Naija247News2 days ago Nigerias central bank selling dollars in forex market -traders  Reuters UK2 days ago REUTERS - Nigeria's central bank selling dollars in forex market -traders  Namibia Press Agency2 days ago

Nigeria naira ends 5.2 pct higher after central bank dollar sale

LAGOS, Aug 19 (Reuters) - Nigeria's naira ended 5.2 percent higher at 308 per dollar on Friday after the central bank sold dollars to support the currency, traders said. The naira, which touched an all-time low of 365.25 on Thursday, closed at ...
 Yahoo! Finance5 days ago REUTERS - Nigeria naira ends 5.2 pct higher after central bank dollar sale  Namibia Press Agency5 days ago
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