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All posts tagged "apex bank"

  • CBN sells $300m forex at WDAS

    The Central Bank of Nigeria (CBN) sold 300 million dollars at the rate of N155.76 to the dollar at its 71st Wholesale Dutch Auction System (WDAS) on Wednesday. The News Agency of Nigeria (NAN) reports that the...

    • Posted September 18, 2013
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  • UBA banks on African operations to retain growth momentum

    Amid the rising cost of operation occasioned by the prevailing stringent conditions, United Bank for Africa Plc has continued to reap bountifully from its spread in the African market, reports Festus Akanbi With many banks coming under...

    • Posted September 8, 2013
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  • Analysts predict 8.7% inflation

    Analysts at the Financial Derivatives Company (FDC) Limited predicted inflation rate of 8.7 per cent for July. “Our forecast for Nigeria’s headline inflation in July indicated a 0.37 per cent increase to 8.77 per cent (±0.22%) from June’s...

    • Posted August 16, 2013
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  • NIRSAL: CBN pledges N25b to agric loans

    The Central Bank of Nigeria (CBN) says it has so far guaranteed N25 billion loans to the nation’s agricultural sector through the Nigerian Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) since July last year, when the...

    • Posted August 6, 2013
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  • CBN revokes licence of Express Discount House

    The Central Bank of Nigeria (CBN) Friday revoked the operating licence of Express Discount Limited (EDL) due to the inability of its shareholders to inject a minimum capital injection of N21 billion to enable the company continue...

    • Posted July 28, 2013
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  • Excess Crude Account depleted by $7bn – Sanusi

    The Governor of the Central Bank of Nigeria, CBN, Mr. Lamido Sanusi yesterday raised the alarm on the Excess Crude Account, ECA, which he said had shrunk by $7 billion from the initial figure of $12 billion...

    • Posted July 18, 2013
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  • Reps urge CBN to implement cashless policy in phases

    HOUSE of Representatives, yesterday, mandated Central Bank of Nigeria, CBN, to implement the cashless policy introduced in the country in phases. The motion, promoted by 53 lawmakers, is entitled Need for Central Bank of Nigeria to Implement...

    • Posted June 28, 2013
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  • CBN sells $500m to stabilise Naira

    Central Bank of Nigeria, CBN, yesterday sold $500 million at the bi-weekly foreign exchange auction to forestall depreciation of the naira. The amount sold represents 66 percent increase when compared to $300 million sold per previous foreign...

    • Posted June 25, 2013
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  • We did not order freezing of accounts of religious groups – CBN

    The Central Bank of Nigeria, CBN, on Friday denied reports that it had ordered the freezing of accounts of religious groups over alleged links to terrorist groups. Director, Corporate Communications, Ugochukwu A. Okoroafor, in a statement obtained...

    • Posted June 21, 2013
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  • Lagos, FCT, Abia, four others account for 90% of cash transactions

    As the cashless policy of the Bankers Committee prepares to enter its second phase, the Central Bank of Nigeria,CBN, at the weekend, hinted that the success would impact significantly on the nation’s payment system. The policy is...

    • Posted May 27, 2013
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