The Central Bank of Nigeria (CBN) on Monday injected 457.3 million dollars into various segments of the market. The CBN Spokesman, Mr. Isaac Okorafor in a statement in Abuja, said…
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Category: Economy
Ignore rumours of financial distress in banks – NDIC BOSS
The Managing Director/Chief Executive of Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim has called on members of the public to ignore rumours of financial distress in some banks that…
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Shareholders laud Sterling Bank’s performance
Shareholders of Sterling Bank Plc. – the “one customer bank”, commended the Bank’s Board and Management for reporting a profitable performance for the year ended December 31, 2016, despite the…
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National Assembly passes 2017 budget
The National Assembly has passed into law the 2017 budget estimated to cost N7.441 trillion. The appropriation committees of both the Senate and the house of Representative presented their harmonised reports and the appropriation bill…
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FOREX: CBN approves $100m for sale at SMIS
The Central Bank of Nigeria (CBN) has approved the sale of $100 million at the Wholesale Secondary Market Intervention Sales (SMIS) auction announced on Monday, May 8, 2017. The CBN…
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