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Forex: CBN Boosts Market With $210

ABUJA – The Central Bank of Nigeria (CBN) has again injected the sum of $210 million into the inter-bank Foreign Exchange Market. Figures obtained from...

CBN Revokes Skye Bank License, Names Polaris Bank As Successor Bank

The Central Bank of Nigeria has revoked the operating license of Skye Bank and established a bridge bank, Polaris Bank to take over the...

Forex: CBN Injects $317.52m, CNY 58.40m Into Retail SMIS

 ABUJA – The Central Bank of Nigeria (CBN) has continued its intervention in the retail Secondary Market Intervention Sales (SMIS) by injecting a total...

Press Release On Recent FOREX Sanction

The Central Bank of Nigeria (CBN) acknowledges the public interest over sanctions recently imposed on four deposit money banks (DMBs). We wish to restate that...

CBN Promises Help For Rural Farmers

Farmers in rural areas have cause to smile as the Central Bank of Nigeria (CBN) has pledged assistance towards boosting their yield as part...

Lagos East Seat Not For Eaglet – Chief Basorun

…Says Ashafa and Osinowo are not comparable A former Secretary to Lagos State Government, Chief Olorunfunmi Basorun, on Sunday described the representative of Lagos East,...

Forex: CBN Injects $303m, CNY 46.58m Into Retail SMIS

 ABUJA –  The Central Bank of Nigeria (CBN), on Friday, September 7, 2018, injected the sum $303.91 million into the interbank retail Secondary Market...

Clickatell Transact Enables United Bank for Africa (UBA) To Launch Chat...

The largest banks in Nigeria and on the African continent, continue to drive excellence in customer experience by expanding their services and digital product...

Analysis – Regulatory Zeal And FDI

By SBM Intelligence, Last week, the Central Bank of Nigeria (CBN) disclosed that it had hit four banks with fines to the tune of ₦5.65...

MTN Denies CBN Claims On Illegal Repatriation Of $8.1 Billion

MTN Nigeria on Thursday refuted the claims by the Central Bank of Nigeria that it illegally, in collusion with four Nigerian banks repatriated $8.1billion...
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