Culled—Proshare July 4, 2017/CBN The Central Bank of Nigeria (CBN), in continuation of its drive to ensure liquidity and stability in the foreign exchange market, has injected the total sum of $195 million into various segments of the inter-bank foreign exchange market. A breakdown of figures released by the CBN […]
Money Market
Banks suffer fraud cases worth N16.5bn in three years
July 3, 2017/Punch The economic recession currently rocking the country has increased the volume of fraud cases in the banking industry, with the attendant loss of money, IFEANYI ONUBA writes The banking sector recorded 31,736 fraud cases involving the sum of N16.5bn between January 2014 and December 2016, figures obtained […]
NAFEX and Parallel Market Rates in the outgone week
July3, 2017/InvestmentOne Research Below is the NAFEX opening and closing NGN/USD rates and the closing NGN/USD rates at the parallel market in the outgone week. 28-Jun-17 29-Jun-17 30-Jun-17 NAFEX Opening rate (NGN/USD) 367.53 367.21 366.56 NAFEX Closing rate (NGN/USD) 368.67 368.00 366.44 Parallel Closing rate (NGN/USD) 370.00 368.00 368.00
