The naira rose to its highest level in three weeks against the United States dollar on the inter-bank market on Monday, after the Central Bank of Nigeria intervened in the market. Currency traders added that speculation that the Nigerian National Petroleum Corporation planned to sell dollars also helped the naira […]
Tag: Central Bank of Nigeria
Forex auction: CBN increases dollar sales to $400m
In a bid to reduce the pressure in the foreign exchange market, the Central Bank of Nigeria on Wednesday increased its dollar sales to $400m at the bi-weekly auction of the apex bank, from $300m sold on Monday. The CBN sold $400m at N155.90 to the United States dollar, compared […]
ATM fraud has declined by 98.5% – CBN
The Central Bank of Nigeria on Wednesday said that fraud relating to Automated Teller Machine had declined by 98.5 per cent. The Director, Banking and Payments System Department, CBN, Mr. Dipo Fatokun, said this at a sensitisation workshop on cash-less policy in Lagos. He said, “Since the financial reform started, […]
