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CBN Offers $100m in Wholesale Forwards

Culled–Proshare 27/4/2017/CBN Buoyed by the impact of its interventions and stability in the foreign exchange market, the Central Bank of Nigeria (CBN) on Thursday, April 27, 2017 offered the sum… Read more »

FirstBank Sustainability Centre Hosts SME Conference to Drive Made in Nigeria Goods

April 26, 2017/First Bank of Nigeria Ltd First Bank of Nigeria Limited, through one of its Sustainability initiatives, the FirstBank Sustainability Centre in partnership with the Lagos Business School is… Read more »

More, Not Fewer Exchange Rates

Culled—Proshare April 26, 2017/FBNQuest Research The IMF called for an end to multiple currency practices (MCP) in Nigeria in its recent 2017 Article IV consultation with the FGN. Now a… Read more »

CBN Sells $25m in New FX Window as Dealers Fail to Subscribe Fully to CBN’s $150m Offer

Culled—Proshare April 26, 2017/CBN The Central Bank of Nigeria (CBN) on Tuesday, April 25, 2017, commenced interventions in the new Investors’ & Exporters’ FX Window with the sale of $25million… Read more »

Update: CBN Confirms 72 Licenced Finance Houses in Nigeria as at April 24, 2017

By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Monday gave an update and announced that 72 finance houses are licensed as at April 24, 2017. Click here to… Read more »

Ample Scope to Boost Remittances

Culled—Proshare April 25, 2017/ FBNQuest Research In 2016 Nigeria was the sixth largest beneficiary of migrant remittances among developing countries. The total according to the World Bank declined by 2.4%… Read more »

CBN Unveils List of BDCs at at April 24, 2017

By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) has said that 3239 Bureaux De Changes are in compliance with its new requirments as at April 24, 2017. Click here… Read more »

CBN Extends BVN Enrolment to Other Financial Institutions

24/4/2017/CBN The absence of a unique identifier in the Nigerian banking industry has been a major challenge inhibiting the effectiveness of the Know Your Customer (KYC) principle. To address this… Read more »

CBN Injects $246.2m for Wholesale, SMEs, Invisibles

Culled–Proshare 24/4/2017/CBN The Central Bank of Nigeria (CBN) on Monday, April 24, 2017, offered the sum of $246.2 million to authorized dealers at the forex auction in the interbank wholesale… Read more »

FirstBank Stimulates Economic Diversification through support for the Nigerian Creative Industry

April 24, 2017/First Bank of Nigeria Ltd First Bank of Nigeria Limited under the auspices of its First@arts initiative has thrown its weight behind the Nigeria Entertainment Conference 2017, as… Read more »