Deposit Money Banks in the country lost a total of N5.8bn to cases relating to fraud in 2011, a publication by the Central Bank of Nigeria has revealed. According to the document, there were 2,527 reported cases of attempted fraud or forgery, involving N29.5bn, as against 5,960 cases involving N19.7bn […]
Tag: Central Bank
Nigeria plans 154.9 bln naira T-bill sale
Nigeria plans to auction 154.9 billion naira ($962 mln) in treasury bils with maturities ranging from three months to one year at a twice monthly debt auction on July 26, the central bank said in a public notice. The bank said it will sell 34.8 billion naira in 91-day paper […]
Nigeria naira eases vs dlr despite cbank action
Nigerian naira eased further against the U.S. dollar on the interbank on Wednesday despite the central bank’s direct intervention to calm the market and an increase in supply of the greenback at its bi-weekly foreign exchange auction. The naira ended at 162.95 to the dollar on the interbank on Wednesday, […]
