Tag: Apex bank
FOREX Receives $210m from Central Bank to Boost Market
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
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
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
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
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
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
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
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)
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
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
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
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
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
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
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
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
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