Tuesday, April 30, 2024
MARKET UPDATE
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Tag "cbn"

Another Lagos market razed by fire

    Another Lagos market razed by fire

Goods and property worth millions of naira were destroyed by fire on Friday at the popular Berlin Market, near Mandilas on Williams Street, off Marina in central Lagos. The incident

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CBN reviews banks’ foreign currency trading positions

The Central Bank of Nigeria (CBN) has reviewed the daily foreign currency trading positions of banks. The apex bank directed that foreign exchange bought either from autonomous or interbank market

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Senate confirms Nnanna as CBN deputy governor

    Senate confirms Nnanna as CBN deputy governor

The senate has approved the nomination of Joseph Nnanna (pictured middle) as the deputy governor of Central Bank of Nigeria (CBN). Nnanna’s confirmation followed consideration of the report on his

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Naira appreciates to 187, 188 against the dollar

The naira appreciated against the dollar at both the official and parallel markets, a survey conducted by NAN in Lagos, revealed on Friday. At both segments, the naira gained three

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Naira devaluation ‘will increase unemployment’

Obida Wafure, a doctor of economics at the University of Abuja, believes that the recent devaluation of the naira by the

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Devaluation sends dollar to N186 in black market

The exchange rate for the dollar in Abuja “black market” on Wednesday stood between N182 and N186,the news Agency of

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Reps oppose N50bn CBN bailout for distressed banks

  Reps oppose N50bn CBN bailout for distressed banks

The federal house of representatives on Thursday stopped an amendment act of the Asset Management Corporation of Nigeria (AMCON) proposing a

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CBN: We don’t launder funds for Boko Haram

The Central Bank of Nigeria (CBN) is denying allegations levelled against a member of its staff by Stephen Davis, an Australian negotiator,

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B’Haram: SERAP begins legal battle against CBN

  B’Haram: SERAP begins legal battle against CBN

The Socio-Economic Rights and Accountability Project (SERAP) has filed a court action against the Central Bank of Nigeria (CBN) over

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Emefiele: CBN won’t make life difficult for banks

  Emefiele: CBN won’t make life difficult for banks

Central Bank of Nigeria (CBN) governor, Godwin Emefiele, says the apex bank would continue to make regulations that would strengthen

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