Browsing: CBN

Polaris Bank announces Innocent Ike as Acting MD/CEO. The Board of Polaris Bank Limited and Asset Management Corporation of Nigeria (AMCON), the Bank’s shareholder, has announced the appointment of Mr. Innocent Ike, as the Acting Managing Director/CEO of Polaris Bank Limited, effective Sept. 1.

NSE to Remain Positive amid Tier-1 Banks Earnings Releases

Naira Remains Resilient as CBN Sets to Resume FX Sales to BDCs. Nigeria’s local currency, Naira, maintained strong position this week amidst the apex bank plan to resume its weekly intervention sales.

CBN Moves against Non-Repatriation of Exporters’ FX Proceeds. The Central Bank of Nigeria (CBN) has directed all banks in the country to submit the names, addresses and Bank Verification Numbers (BVN) of exporters that have defaulted in repatriating their exports proceeds for further action.

Resumption of International Flight to Herald FX Sales to BDCs. Analysts at United Capital have noted that resumption of international flight is likely to herald foreign exchange sales to the Bureau De Change (BDCs).

Interbank funding rates dropped to single digits today as funding pressures eased substantially, thanks to open market operations (OMO) maturities totaling N180.6 billion that hit the system.

FMDQ Turnover Jumps 13.66% to ₦18.72 trillion in July FMDQ Securities Exchange has posted 13.66 % turnover growth in the…

Parallel Market Rate Breaks Resistance as USD Exchange for ₦480 Naira depreciates further in the foreign exchange market Tuesday traded…

Interbank Debit: Banks Recovered ₦50.32m from Loans Defaulters in 9days

Interbank rates to moderate as ₦181bn worth of TBills matures. Analysts have projected that interbank rates will as huge amount from maturing Treasury Bills is set to hit the financial system this week.