Tag: Apex bank

FOREX Receives $210m from Central Bank to Boost Market

Tanimu- February 13, 2018

Olalekan Ajayi, Abuja: The inter-bank Foreign Exchange Market has received the sum of $210million from the Central Bank of Nigeria (CBN), to meet customers’ requests ... Read More

Central Bank Communique on Failure to Hold Monetary Policy Committee Meeting

Tanimu- January 22, 2018

Emefiele Allays Fears Over MPC…….says economy remains sound. No Cause For Alarm Over MPC, says Emefiele Emefiele Allays Fears Over MPC………..says economy remains strong. The ... Read More

Forex Market Gets Another $210m Boost from CBN

Tanimu- December 19, 2017

Olalekan Ajayi, Abuja: The inter-bank window of Nigeria's Foreign Exchange market on Tuesday, December 12, 2017, received yet another boost of $210,000,000.00 from the Central ... Read More

Central Bank Communique of Monetary Policy Committee Meeting

Tanimu- November 22, 2017

Olalekan Ajayi, Abuja: The Monetary Policy Committee met on the 20th and 21st of November, 2017 against the backdrop of a relatively optimistic global economic ... Read More

Central Bank Injects $210m Into Forex Market

Tanimu- November 22, 2017

Olalekan Ajayi, Abuja: As the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) commenced its last meeting for 2017, the Bank on ... Read More

Godwin Emefiele Lists Gains of FOREX Restriction on 41 Items

Tanimu- November 13, 2017

Olalekan Ajayi, Abuja: The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele says the dogged implementation of the Bank’s policy, which restricts importers of ... Read More

CBN Goes Tough on Erring Commercial Banks

Tanimu- September 21, 2017

Olalekan Ajayi, Abuja: The Central Bank of Nigeria (CBN) on Monday, September 18, 2017, threatened to sanction any Deposit Money Bank (DMB) in breach of ... Read More

Central Bank Pegs Lending Rate Unchanged At 16 Percent

Tanimu- August 2, 2017

Angola’s Apex bank kept its benchmark lending rate unchanged at 16 per cent following a policy meeting on July 31, the regulator said in a ... Read More

Apex Bank Mops Up N200b In Special Open Market Operation (OPO)

Tanimu- June 16, 2017

In its latest move to further rein in inflation, the Central Bank of Nigeria (CBN) has unveiled plans to mop up a total of N200.322 ... Read More

Dangerously Driving Apex Bank Van Rammed Into Governor’s Convoy

Tanimu- May 12, 2017

Adejuwon Soyinka, Ogun: Ogun State Governor, Senator Ibikunle Amosun, on Thursday, narrowly escaped unhurt when a convoy of bullion vans belonging to the Central Bank ... Read More

Some Nigerian Banks Barred From SME Wholesale FOREX Window by Apex Bank

Tanimu- May 3, 2017

Following persistent complaints that some deposit money banks (DMBs) have deliberately frustrated efforts by many small and medium enterprises (SMEs) to access forex from the ... Read More

Financial Expert Predicts Further Appreciation Of The Naira

Henry Solomon- April 4, 2017

Prof. Uche Uwaleke, a financial expert, has predicted a further decrease in the rate of inflation and appreciation of the Naira for March 2017 as ... Read More

President Muhammadu Buhari Directs Apex Bank and Finance Ministry On Paris Club Refunds

Tanimu- March 17, 2017

Garba Shehu, Abuja: President Muhammadu Buhari has directed the Minister of Finance, Mrs. Kemi Adeosun and the Governor of the Central Bank of Nigeria, Godwin ... Read More

The Movement in Nigeria Reserves, 30-Days Moving Average with effect from November 2011

Tanimu- March 10, 2017

The evolution of the foreign exchange market in Nigeria has been influenced by a number of factors such as the changing pattern of international trade, ... Read More

“No Room For Failure”, Finance Minister Tells FIRS Over N4.957 Trillion Target

Suleiman Idris- July 30, 2016

The Federal Inland Revenue Service, FIRS got a marching order yesterday: There is no room for failure over FIRS’s N4.957 trillion tax target for 2016. ... Read More

CBN To Banks: Review Your Foreign Currency Loans For Efficiency

Henry Solomon- July 28, 2016

The Central Bank of Nigeria (CBN) has urged banks to review foreign currency denominated loans in line with the Prudential Guidelines for Deposit Money Banks ... Read More

Board And Management of Skye Bank Replaced – CBN

Henry Solomon- July 4, 2016

The Central Bank of Nigeria (CBN) has replaced the management team and board of  the  Skye Bank Plc on Monday with immediate effect. This was ... Read More