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Saturday, June 6, 2020

Naira

Nigeria’s exchange rate remains stable -CBN

The Central Bank of Nigeria has denied allegations of changes in Nigeria's exchange rate. " There has been NO change in Nigeria's exchange rate structure. The CBN has not floated the naira, said Isaac Okorafor, Director Corporate Commmunications on Wednesday. "...

Ahead of 2019 elections, CBN to spend $53billion to defend naira

.....Says it could increase items on forex restriction list to 50 The Central Bank of Nigeria (CBN) said over the weekend that it will likely spend as much as $53 billion in the foreign exchange market to provide forex liquidity...

Adeosun: Naira will Continue To Get Stronger

The Naira has every reason to keep rising says minister of finance Kemi Adeosun. The minister on Thursday said there's no significant risk of devaluation in the medium term, due to the stability of the currency across multiple exchange rates for more...

UBA Increases International Spend Limit on Naira Cards to $2000.

Pan-African financial institution, United Bank for Africa (UBA) Plc has announced an immediate upward review of the monthly international spend limit on its debit and prepaid Naira cards from $100 to $2,000. The upward review, which represents a marked increase...
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Latest News

Nigerian Government is committed to combating violence against women, girls – Agba

  Minister of State for Budget and National Planning, Prince Clem Ikanade Agba, says that the Nigerian government is committed...
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NNPC alerts of contaminated diesel in circulation

    The Nigerian National Petroleum Corporation (NNPC) has alerted the public of contaminated diesel that is harmful to machines and environment being sold across the country. It...

COVID-19 : Organized Private Sector lauds CBN’s intervention in manufacturing and agribusiness sectors 

    The Central Bank of Nigeria's planned disbursement of N93.2 billion out of N1 trillion intervention fund for manufacturing and agribusiness sectors has received stakeholders' commendation.   The...

Subsidy removal: Petrol marketers now to fix pump price 

      In line with the new pricing regime for petrol, marketers are now free to fix the price of the commodity, the Petroleum Products Pricing Regulatory Agency...

Senate President Lawan leads Senate delegation on solidarity visit to Kalu

          Senate President Lawan leads Senate delegation on solidarity visit to Kalu after his release from Kuje Correctional Facility on Thursday