Further to its commitment to ensure stability in the inter-bank foreign exchange market, the Central Bank of Nigeria (CBN) on Friday, October 5, 2018, intervened in the Retail Secondary Market…
Read More Inter-Bank forex market gets $334m, CNY 52m CBN boost
The Central Bank of Nigeria has given reasons why the nation’s external reserves, which currently stand at $44bn, have been on a downward trend lately. Speaking during the CBN Day…
Read More CBN gives reasons for fall in external reserves
Bankers in the country have expressed their readiness to enforce the law against the abuse of naira notes by setting up mobile courts to punish violators of the currency. They…
Read More Naira abuse: CBN to try offenders in mobile court
Oil traders have piled into wagers that U.S. crude oil could surge to $100 a barrel by next year, a milestone that until recently many considered unthinkable due to record…
Read More Traders bet on oil at $100 as Iran sanctions loom
The Nigerian National Petroleum Corporation, NNPC, has announced a total crude oil and gas export sales of $416.07 million in June 2018, which is 35.78 per cent higher than the previous…
Read More Oil and Gas Export Sales up 35% to $416m