March 13, 2017/Punch Ifeanyi Onuba, Abuja The Central Bank of Nigeria will this week inject more dollars into the foreign exchange market as part of efforts to improve the level of liquidity in the interbank market. The Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okorafor, confirmed the plan to […]
Money Market
Unity Bank Sues Ex-Militant Tompolo Over N5.3b Debt
12/3/2017/Sahara Reporters Unity Bank Plc has sued a limited liability company, Muhaabix Global Services, owned a former Niger Delta militant, Government Ekpemupolo (aka Tompolo), at a Federal High Court in Lagos to recover a debt of N5,320,953,095.40. Joined as co-defendants in the N5.3 billion debt recovery suit are two ocean-going […]
CBN’s Intervention In Forex Market And The Need To Sustain A Policy That Works
12/3/2017/The Will In the past fortnight, the value of the naira has refreshingly risen against the United States dollar. This development is coming at a time many a stakeholder appear to have lost confidence in the recovery of the local currency with currency speculators going on overdrive. Against this backdrop, […]
