Tuesday, November 13, 2018

Tag "cbn"

    Sanusi: I’ve earned my stars in every competitive environment

Sanusi: I’ve earned my stars in every competitive environment

Muhammad Sanusi II, emir of Kano, says he earned his stars in every competitive environment.In an interview with Financial Times, the outspoken monarch recalled his days as a banker and how he was given central bank governor award four times.In June 2009, the late President Musa Yar'Adua appointed Sanusi for a five-year term but ex-President Goodluck Jonathan suspended him in February 2014 after the [...]

0 comment Read Full Article
    Daura farmers ‘get N412m worth of assistance’ from CBN

Daura farmers ‘get N412m worth of assistance’ from CBN

About 1,500 rice farmers in Daura, Katsina state, have received various farming implements under the phase 11 of the Central Bank of Nigeria (CBN) anchor borrowers scheme.Nura Baure, chairman, Daura chapter of the Rice Farmers Association of Nigeria (RIFAN),  disclosed this during the distribution of farming implements to registered farmers on Thursday.Daura is the hometown of President Muhammadu Buhari.According to [...]

0 comment Read Full Article
    ‘Unveiling of cabinet in 48 hours, gender parity in political appointments’ — Moghalu outlines plans for presidency

‘Unveiling of cabinet in 48 hours, gender parity in political appointments’ — Moghalu outlines plans for presidency

Kingsley Moghalu, ex-deputy governor of the Central Bank of Nigeria (CBN), has asked Nigerians to replace recycled “failed leaders” with competent and experienced youth.Moghalu said this at the Shehu Musa Yar’Adua Centre, Abuja, on Wednesday while making a formal declaration of his presidential bid.He stated his visions, as laid out in his recently launched book, ‘Build, Innovate and Grow: My [...]

0 comment Read Full Article
    ‘Intellectuals should take over’ — Moghalu, ex-CBN deputy governor, declares interest in 2019 presidential election

‘Intellectuals should take over’ — Moghalu, ex-CBN deputy governor, declares interest in 2019 presidential election

Kingsley Moghalu, a former deputy governor of the Central Bank of Nigeria (CBN), says he is consulting widely to run for the presidency in 2019.Moghalu told political correspondents in Lagos that time had come for technocrats, intellectuals and experienced people to take power from career politicians.He said he would not be deterred from joining the race, in spite of speculations [...]

0 comment Read Full Article
    Airtel, Helios petition FG over ‘irregularities’ in 9mobile sale process

Airtel, Helios petition FG over ‘irregularities’ in 9mobile sale process

The sale process of 9mobile, formerly known as Etisalat, hit a new turn on Tuesday as Bharti Airtel and Helios Investment Partners LLP petitioned industry regulators over alleged "irregularities".According to Technology Times, both companies have asked regulators in the telecoms and banking sector to probe the ongoing sale process.Umar Danbatta, deputy vice-chairman, NCC, Godwin Emefiele, governor, Central Bank of Nigeria [...]

0 comment Read Full Article
    Central Bank of Nigeria steals the spotlight in January

Central Bank of Nigeria steals the spotlight in January

Investor sentiment towards the Nigerian economy was dealt a slight blow, after the MPC cancelled the January meeting due to their “inability to form a quorum”.Although the missed central bank meeting is likely to have little impact on the economy, it has the potential to reinforce market concerns over the nation’s poor policy management. An unwelcome return of political risk and uncertainty amid [...]

0 comment Read Full Article
    MPC meeting ‘stalled’ over senate’s refusal to confirm CBN nominees

MPC meeting ‘stalled’ over senate’s refusal to confirm CBN nominees

The refusal of the senate to confirm presidential nominees for vacant positions in the Central Bank of Nigeria (CBN) has affected the first monetary policy committee (MPC) meeting of 2018, according to Channels TV.The meeting was initially scheduled for January 22 and January 23.But quoting sources, the television station said the apex bank would issue a statement on Monday to announce the [...]

0 comment Read Full Article
    CBN holds interest rate to avoid exchange rate pressure

CBN holds interest rate to avoid exchange rate pressure

The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has retained the monetary policy rate at 14 percent.The apex bank also left the cash reserve ratio (CRR) at 22.5 percent.Godwin Emefiele, governor of the CBN, made this known on Tuesday while announcing the decision of the committee in Abuja.Emefiele said only one of the nine members of [...]

0 comment Read Full Article
    We’re ready to help Nigeria achieve financial inclusion, says Netherlands queen

We’re ready to help Nigeria achieve financial inclusion, says Netherlands queen

Queen Máxima of the Netherlands says her country is ready to help Nigeria combat challenges in its way of achieving financial inclusion.Maxima, who is the UN secretary-general's advocate for financial inclusion for development, said this on Wednesday during her working visit to the Nigerian Communications Commission (NCC).Maintaining that the potentials in achieving financial inclusion are enormous, she said it is [...]

0 comment Read Full Article
    External reserves ‘surge to $34b’

External reserves ‘surge to $34b’

Joseph Nnanna, deputy governor, financial system stability, Central Bank of Nigeria (CBN), says external reserves have hit $34 billion from $33.6 billion.Nanna said the figure has been rising quickly, based on a 30-day moving average, since hitting the $32 billion mark on September 18.At an event organised by the Chartered Institute of Bankers of Nigeria (CIBN), Nnanna said the exchange [...]

0 comment Read Full Article
    ‘We’re ready for business’ — Emefiele woos foreign investors

‘We’re ready for business’ — Emefiele woos foreign investors

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has urged investors to come to Nigeria.Speaking to money market players at the London Stock Exchange, Emefiele said the nation's return on investment (ROI) in all sectors are among the best in the world.The forum was organised in collaboration with the Nigerian Stock Exchange.The governor, who drew intermittent applause from [...]

0 comment Read Full Article
    The Emefiele CBN: Is it harvest time yet?

The Emefiele CBN: Is it harvest time yet?

Anytime the Governor of Central Bank of Nigeria (CBN) retained benchmark interest rate at 14 per cent, and he has done it for many months, he received a mix of cheers and boos, some of them very harsh.A popular economist who usually reviewed the decisions on television called the rates retention a “do-nothing” decision, which was taken by some people [...]

0 comment Read Full Article
    Nigerian banks have been investing heavily in T-bills, says Fitch

Nigerian banks have been investing heavily in T-bills, says Fitch

Global credit rating agency, Fitch, says Nigerian banks averaged a 7.5% margin on treasury bill (T-bills) yields in the first half of 2017 (1H17).According to a statement released by the rating agency on Friday, banks have been investing heavily in T-bills since second half of 2016 (2H16), improving interest income and maintaining margins. WHAT IS T-BILL?T-Bill is a short-term debt [...]

0 comment Read Full Article
    Inflation rate will drop to single digit by 2018, says Emefiele

Inflation rate will drop to single digit by 2018, says Emefiele

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says inflation rates are projected to drop and record high single-digit rates mid-2018.Emefiele made this known to Journalists on Friday while attending an investment conference at the London Stock Exchange.While annual inflation in Nigeria eased down to 15.98 percent on rising food prices in September, Emefiele said that an inflation [...]

0 comment Read Full Article
    CBN sustains naira with $195m forex intervention

CBN sustains naira with $195m forex intervention

The Central Bank of Nigeria (CBN) on Monday boosted the inter-bank foreign exchange market with an additional $195m, even as the naira maintains stability.Exchanging at an average of N360 to $1 in the bureau de change segments (BDC) of the market, the apex bank says it is committed to sustaining liquidity and achieving convergence of rates in the interbank and [...]

0 comment Read Full Article
    NFF/CBN football tournament to kick off Saturday

NFF/CBN football tournament to kick off Saturday

The 2017 edition of the NFF/CBN All-Financial Institutions football competition will kick off on Saturday and end on October 28.This was disclosed on Wednesday at a press briefing by both organisations at the NFF's Glass House.The apex bank pledged its continued commitment to the sponsorship of the competition that is now in its 31st year.“It is worthy of note that [...]

0 comment Read Full Article
Advertisement
Advertisement

 

Advertisement

Advertisement

Exchange Rates

November 9, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement