By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – The Central Bank of Nigeria (CBN) said on Friday the interbank market rate closed at N198.50/$1 at the end of the day’s transactions compared to N197.10/$1 it closed on Thursday. A Reuters report quoted a major bank dealer as saying that the CBN […]
Money Market
Naira Closes N197.10/$1 as Pressure mounts on further Devaluation
By InvestAdvocate Lagos (INVESTADVOCATE)- The Central Bank of Nigeria (CBN) said on Thursday the interbank market rate closed at N197.10/$1 at the end of the day’s transactions compared to N202/$1 it closed on Wednesday. Nigeria on Thursday shut down the interbank market for the second consecutive day as the naira […]
CBN Disburses N39.53 Billion Second Batch Electricity Market Stabilization Fund
Feb 12, 2015/CBN Barely a week after it disbursed the sum of N18.26 billion to the first batch of beneficiaries of the N 213 Billion Nigeria Electricity Market Stabilization Facility (NEMSF), the Central Bank of Nigeria, on Wednesday, February 11, 2015, disbursed another sum of N39.53 billion to the second […]