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CBN sustains liquidity in forex market; disburses $280 million to SMEs, BDCs, invisibles

Culled—Proshare April 18, 2017/CBN The Central Bank of Nigeria (CBN) on Tuesday, April 18, 2017, underscored its determination to sustain liquidity in the foreign exchange market with the injection of… Read more »

Forex Market Analysis: USD and JPY Falls to Five (5) Month Low

Culled—Proshare April 18, 2017/Meristem Source: Fundamental Indication On Monday, the 17th of April 2017, the dollar fell to a five-month low against the yen as pressures rose over the… Read more »

Forex Market Analysis: EUR/USD Approaches The 1.0507-1.0494 Support Area

Culled—Proshare April 13, 2017/Meristem Fundamental Indication  USD: The dollar has been reacting to the mixed sentiments by market participants as a result of the Political discussions and economic news releases…. Read more »

CBN releases additional $250m for Forwards market

Culled—Proshare Tuesday, April 11, 2017/ 8.30 PM / CBN The Central Bank of Nigeria (CBN) on Wednesday, April 12, 2017, released additional $250 million on 7 to 30-day forwards for… Read more »

Buhari Nominates Non-Executive Directors Of CBN

April 12, 2017/The Will President Muhammadu Buhari on Wednesday forwarded the names of six persons to the Senate for confirmation as Non-Executive Directors of the Board of the Central Bank of Nigeria,… Read more »

CBN Sells $100m to SMEs

Culled—Proshare April 12, 2017/CBN … makes $100m spot wholesale … May open window for dividend remittances Small and Medium Enterprises (SMEs) in the country involved in the importation of critical… Read more »

SunTrust Bank’s Profit Soars First Year as Commercial Bank

April 12, 2017/SunTrust Bank SunTrust Bank Nigeria Limited ( has released its financial performance for the year ended December 31, 2016 and the results have sent a clear message of… Read more »

South African tumult hinders Barclays’ exit from continent

April 11, 2017/Reuters By Tiisetso Motsoeneng Barclays’ plan to sell its African business and pull out of the continent are being hindered by South Africa’s political upheaval and credit-rating downgrades,… Read more »

Nigeria naira down 1.2 pct against dollar on black market -traders

April 11, 2017/Reuters Nigeria’s naira eased 1.2 percent against the dollar on the black market on Tuesday despite the central bank’s attempt to improve dollar supply and prop up the… Read more »

FirstBank Provides Secure and Convenient Money Transfer Services to Customers

April 11, 2017/First Bank of Nigeria Ltd As the most valuable banking brand in Nigeria, First Bank of Nigeria Limited has been on a journey of strength and dynamism committed… Read more »