Tag Archives: CBN

CBN Approves Special Forex Intervention For Airlines The Central Bank of Nigeria has approved a Special Secondary Market Intervention Retail Sales for airlines operating in the country to enable them to access foreign exchange. NAN report’s that the Deputy Director, Press and Public Affairs, Ministry of Transportation, Mr. James Odaudu, announced the plan in a statement in Abuja on Friday. …

Read More »

‘FirstBank now sole Foreign Exchange Dealer to BDCs’ Following the complicity of some banks in handling foreign exchange transaction with Bureau de Change (BDC) in the domestic economy, the Central Bank of Nigeria (CBN) has announced FirstBank the sole authorized dealer for foreign exchange proceeds to licenced Bureau de Change operators. According to First Bank, the announcement is coming on the heels …

Read More »

Y Media managers of various coporate organisations at the formal launching/inauguration of Capital Market Correspondent Association of Nigeria (CAMCAN) website on Thursday in Lagos…Pix

Read More »

Adeosun Speaks at Workshop on Cost Management, Says Eliminating Waste is a National Duty   The Minister of Finance, Mrs. Kemi Adeosun on Thursday disclosed that the Federal Government would soon issue a new template on approved expenses for state-owned enterprises as efforts are being intensified to control the nation’s recurrent expenditure. The Minister gave the hint at a workshop …

Read More »

CBN assures that Nigerian Banks are Liquid … to Sanction Customers Withdrawing Above $50,000 Annually From FRIDAY EKEOBA Piqued by some international financial reports, that seven banks in the domestic economy are undercapitalised, the Central Bank of Nigeria (CBN) has assured both local and international investors that all banks in the country are solvent to carry out banking operations. The …

Read More »

UBA, European Investment Bank Seal €60 million Investment Deal The European Investment Bank and United Bank for Africa (UBA) have agreed a new EUR 60 million lending programme to support private sector investment across Nigeria. This represents the EIB’s largest ever loan to UBA and will allow UBA to provide longer term loans than currently available to private companies in …

Read More »

Senate kicks against N309bn electricity bond The Senate on Tuesday urged the Federal Government to stop plans to raise a N309bn bond to finance electricity generation in the country to erase recorded shortfall in projected power availability. The senate said that the government should put the plan on hold pending conclusion of investigation into the matter by its committees on …

Read More »

Read More »

   The Nigerian Stock Exchange (“The Exchange or NSE”) in collaboration with Independent Software Vendors (ISVs) and Market Data Vendors (MDVs) is set to host its inaugural Market Data Workshop, on Tuesday, October 18, 2016 at The Civic Center, Victoria Island, Lagos. The workshop aims to increase awareness on the critical role of Market Data in making sound investment decisions …

Read More »

CBN Reels-Out Guidelines for Granting Liquid Asset Status to Sukuk The Central Bank of Nigeria (CBN) has reeled-out the guidelines for granting liquid asset status to Sukuk Instruments issued by state governments. The apex bank on Friday stated in the document listed on its website that the move was to enhance the diversification of sources of funding for development at …

Read More »