Money Market

CBN Boosts Forex Market with $210m

Culled—Proshare November 28, 2017/CBN The Central Bank of Nigeria (CBN) on Tuesday, November 28, 2017, announced the injection of another $210,000,000 to boost liquidity in the inter-bank Foreign Exchange Market. Disclosing this in Abuja, the Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okorafor said the sum of $100million was […]

Bank Anywhere with FirstBank’s FirstMobile Exciting New Features

November 28, 2017/FirstBank First Bank of Nigeria Limited has implemented new and exciting features on its mobile banking application – FirstMobile to enhance security and customers’ digital banking experience. The new features are The Card-in-Control functionality, the Quick Response (QR) Code, the Transaction receipt and Save beneficiary functions. The Card […]

CBN releases $288m as naira weakens to 364/dollar

November 25, 2017/Punch Oyetunji Abioye The Central Bank of Nigeria on Friday injected $287.89m into the currency market to meet requests in four industries for dollars, extending efforts to boost liquidity and alleviate shortages. The four industries targeted were agriculture, airlines, petroleum and raw materials, the CBN said in a […]