Wednesday, July 17, 2019

Tag "Central Bank"

    Spend or save: CBN’s confusing policy signals

Spend or save: CBN’s confusing policy signals

The Central Bank’s monetary policy committee ended its meeting in June last year blaming the fiscal authorities for not spending enough to propel economic recovery. The committee’s next meeting since then has just ended on 4th April 2018 with a call on the fiscal authorities to freeze growth in aggregate expenditure and revenue distributions and start saving. This is [...]

0 comment Read Full Article
    Central bank policy meetings in focus  

Central bank policy meetings in focus  

A strong feeling of anxiety engulfed the financial markets on Wednesday as investors awaited the heavily anticipated Fed and BoJ central bank policy meeting decisions which have the ability to create explosive levels of volatility. Asian markets rallied this morning with the Nikkei lurching +1.91% higher as of writing after the Bank of Japan overhauled its policy framework. European markets [...]

0 comment Read Full Article
    You’ll be paid when FG releases funds, NYSC tells corps members

You’ll be paid when FG releases funds, NYSC tells corps members

The management of the National Youth Service Corps (NYSC) has appealed to corps members to exercise patience over the delay in the payment of March 2016 allowance.In a statement issued on Tuesday, the management said it was actively liaising with the ministry of finance to ensure that money is released for disbursement to the corps members.“The management of the National [...]

0 comment Read Full Article
    Naira stable at N306 to dollar at parallel market

Naira stable at N306 to dollar at parallel market

The naira continued to maintain an average value of N306 to the dollar on Friday, few days after the apex bank retained its monetary policy ratio (MPR).The apex bank's monetary policy committee retained its MPR at 11 per cent and the cash reserve ratio (CRR) at 20 per cent.The naira lost a point from the N305 to a dollar it [...]

0 comment Read Full Article
    Nigerians abroad get Jan 31 as deadline for BVN registration

Nigerians abroad get Jan 31 as deadline for BVN registration

The Central Bank of Nigeria (CBN) has extended the deadline for Bank Verification Numbers (BVN) of Nigerian bank customers in the Diaspora to January 31, 2016.Ibrahim Mu’azu, the bank’s director of corporate communications, confirmed this in a statement issued in Abuja on Monday.Mu’azu explained that the extension was to enable the customers in Diaspora to complete the enrollment as well [...]

2 comments Read Full Article
    Greece closes banks, limits ATM withdrawals amid economic crisis

Greece closes banks, limits ATM withdrawals amid economic crisis

Greece government has announced a shutdown of its financial institutions for six business days starting from Monday and has also placed strict limits on cash machine withdrawals.The measures are aimed at averting financial panic and the collapse of the banking system.Greek authorities ordered lenders to stay closed until July 6 while the country's central bank restricted ATM withdrawals to 66 [...]

0 comment Read Full Article
Advertisement

Advertisement

Advertisement

Exchange Rates

July 12, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement