Wed Feb 4, 2015/Reuters Nigeria’s naira ended weaker against the dollar on Wednesday despite the central bank selling U.S. currency towards the close of trading to boost liquidity. The bank has been intervening almost daily in the interbank market since the start of the year as liquidity is very low […]

February 02/CBN The Central Bank of Nigeria (CBN) has disbursed a total sum of N18.26 Billion to the first batch of beneficiaries of the N 213 Billion Nigeria Electricity Market Stabilization Facility (NEMSF). This comprises two electricity Distribution Companies (DISCOs) and three electricity Generation Companies (GENCOs). In his welcome remarks […]

Nigerians will going forward, pay for both inter-city and intra-city transportation electronically, the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has said. Emefiele, who made this known at the inauguration of the Payment System Vision 2020 (PSV2020) in Lagos, said the new shift is in line with his determination […]