The naira gained for the first time in three days after data from the Central Bank of Nigeria showed the country’s foreign-currency reserves increased. The currency of Africa’s biggest oil producer rallied as much as 0.3 percent, the most since Jan. 25, as the nation’s foreign-exchange reserves advanced to $46.15 […]
Tag: Central Bank of Nigeria
45 mortgage banks may not survive recapitalisation- MBAN
Indications have emerged that only 25 Primary Mortgage Institutions out of over 70 firms may survive the April recapitalisation deadline set by the Central Bank of Nigeria for the mortgage sector. The President, Mortgage Banking Association, Mr. Abimbola Olayinka, said at a press conference in Lagos on Monday that merger […]
CBN Direct Banks to Submit Returns on EIB Investments
By Our Correspondent Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) has directed Banks to submit returns on European Investment Bank’s Investments for the period January 28 to December 2012. This is contained in a Circular with Reference Number TED/FEM/FPC/GEN/01/24 dated January 28 2013 signed by NT Igba for Director, […]
