By Ademola Alawiye The Central Bank of Nigeria on Monday intervened in the foreign exchange market as it offered $400m for sale at the foreign exchange auction. The CBN in a statement on its website, said, “Further to our circular Ref. FMD/FED/CIR/GEN/01/082/10 of December, 29 2010, the CBN hereby intervenes […]

  By Emeka Ezekiel, Abuja The Central Bank of Nigeria has recovered N2bn from Deposit Money Banks, being money wrongly deducted from bank customers using Automated Teller Machine cards within the last one year. The CBN Governor, Mr. Lamido Sanusi, disclosed this during a stakeholders’ forum on financial services organised […]

  NEW YORK – Better economic reports are lifting stocks a day after the market had its biggest drop in seven months.   The number of people applying for unemployment benefits fell more than economists expected last week. Inflation in consumer prices was tame in February.   Production at U.S. […]