By Kayode Tokede and Agency news Zonal Coordinator, South-South and South-East, Development Finance Activities, Central Bank of Nigeria (CBN), Dr Aniefiok Umoren, says Small and Medium Scale Enterprises (SMEs) have the potential to reduce unemployment in the country. Umoren, who…
Naira at investors & Exporters Foreign Exchange window (I & E FX) rose by 0.02 per cent to close at N411.67 against the dollar on Thursday. The Naira also gained by 0.25per cent, and 0.90 per cent against the Euro…
By Kayode Tokede A Senior Research Analyst at FXTM, Lukman Otunuga has expressed that the drop in inflation rate offers Central Bank of Nigeria (CBN) more room to leave interest rates unchanged for the time being in an effort to…
By Kayode Tokede Naira at Investors & Exporters Foreign Exchange (I & E FX) window depreciated by 0.06 per cent to close at N411.75 on Wednesday. The local currency also lost by 0.20 per cent against the pound sterling close…
By Kayode Tokede Analysts at CSL Research said the Central Bank of Nigeria (CBN) court order that freezes accounts of six online investment firms represents counter-productive economy. A federal high court in Abuja on Tuesday ordered the freezing of the…
By Kayode Tokede Seeking best-in-class ways to safeguard the resources of our customers, Access Bank Plc introduced the *901*911# Unstructured Supplementary Service Data (USSD) code, a solution that allows customers act swiftly to prevent fraudulent activities on their accounts. The…
By Kayode Tokede The Central Bank of Nigeria (CBN) on Tuesday released a framework to protect Other Financial Institutions (OFIs) against cyber attack. This was contained in a memo by Nkiru Asiegbu, CBN’s Director, Other Financial Institutions Supervision Department, addressed…
By Kayode Tokede The Central Bank of Nigeria (CBN) has said it is collaborating with the Nigeria Police and other law enforcement agencies to arrest and prosecute anyone found abusing the Naira. Ag. Director, Corporate Communications, CBN, Osita Nwanisobi, who…
By Kayode Tokede The Naira traded flat at N411.50 against the Dollar and N515.00 against the dollar at the Investors & Exporters Foreign Exchange window (I&E) window and parallel market, respectively. The overnight lending rate expanded by 17basis points to…
Kayode Tokede with News agency The Deputy Governor, Corporate Services Department of the Central Bank of Nigeria (CBN), Mr Edward Adamu, has attributed the depreciation in the value of the Naira to the effects of the COVID-19 pandemic on the…
