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CBN Can’t Sustain Naira Appreciation – Enugu Chamber Of Commerce DG

CBN Can’t Sustain Naira Appreciation – Enugu Chamber Of Commerce DG

Director General of Enugu Chamber of Commerce, Industry, Mines and Agriculture, Mr Emeka Okereke, has said the Central Bank of Nigeria would not be able to sustain the recent appreciation in the value of the naira. Okereke, who spoke in an interview with our correspondent in Enugu, said the apex bank should liberalise the foreign […]

CBN, Fiscal Authorities Meet On Saving The Economy

CBN, Fiscal Authorities Meet On Saving The Economy

In an effort to pull the Nigerian economy out of recession, the economic management leaders from the Central Bank of Nigeria (CBN) and the Ministries of Finance, Budget and National Planning as well as Trade and Investment, over the weekend, gathered in Abuja to harmonise their policy perspectives. Speaking at the opening of the two-day […]

Dollar Expected To Crash Further – CBN

Dollar Expected To Crash Further – CBN

The US Dollar is set to crash further against the naira in the coming week as the Central Bank of Nigeria (CBN) plans to inject more forex into the market to meet demands of genuine customers. The bank’s spokesman, Isaac Okorafor, in a statement said the CBN was committed to ensuring that authorized dealers got […]

Naira Set To Gain More This Week – CBN

Naira Set To Gain More This Week – CBN

The Nigeria Naira is set to further appreciate in the week as the Central Bank of Nigeria plans to inject more Foreign Exchange into the market to meet the requests of genuine customers. The spokesman of CBN, Mr. Isaac Okorafor, gave the assurance in a statement on Sunday in Lagos. The News Agency of Nigeria […]

CBN Offers And Receives $100m In Forwards

CBN Offers And Receives $100m In Forwards

Central Bank of Nigeria on Thursday said it had offered and received bids for $100 million in currency forwards from authorised dealers in the interbank market. Central bank spokesman Isaac Okorafor said the sales would be settled on Friday. The bank has been selling the U.S. currency since February after it effectively devalued the naira […]

Naira Gets Stronger As CBN Clears More BDC For Dollar Sales

Naira Gets Stronger As CBN Clears More BDC For Dollar Sales

The value of naira firmed at the parallel market as the Central Bank of Nigeria sold more dollars to banks as well as bureau de change operators. Having sold $150 million to authorized foreign exchange dealers on Wednesday, the apex bank also offered $100 million at the interbank market yesterday as it sold dollars to […]

Dollar Falls As Fed Signals Hikes, Dutch Election Exit Poll

Dollar Falls As Fed Signals Hikes, Dutch Election Exit Poll

The dollar index fell to a one-month low and was last at 100.560 , down 1.1 percent. The US dollar posted steep losses on Wednesday against major currencies after the Federal Reserve raised interest rates as expected but signalled a more gradual pace of monetary tightening this year than many in the market anticipated. The greenback fell […]

Be Transparent In Forex Allocation – Expert Advises CBN

Be Transparent In Forex Allocation – Expert Advises CBN

A financial expert, Samuel Nzekwe, has advised the Central Bank of Nigeria to be transparent in the allocation of foreign exchange resources. Nzekwe, who is a former President, Association of National Accountants of Nigeria (ANAN) gave the advice in an interview with the News Agency of Nigeria (NAN) on Wednesday in Ota, Ogun. He said […]

Naira Gains To N457 Against Dollar

Naira Gains To N457 Against Dollar

The naira gained further on Tuesday against the US dollar as it closed at N457 at the back market, after the Central Bank of Nigeria (CBN) sold a total of $195 million in forwards. BusinessDay prices checks show that naira traded at N457 per dollar at the Lagos international airport and Apapa respectively. At the Festac […]

2017 GTBank Food And Drink Fair

2017 GTBank Food And Drink Fair

The 2017 Guaranty Trust Bank (GTbank) Food and Drink fair is set to hold on April 30 and May 1, 2017.   The bank posted the information on its twitter . See tweet below: The 2017 GTBank Food and Drink fair is set to hold on April 30 and May 1, 2017. #GTBankFoodDrink pic.twitter.com/c4tYc9fvfU — […]

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