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Forex: CBN injects $317.52m, CNY 58.40m into retail SMIS


The Central Bank of Nigeria (CBN) weekend flagged off its intervention in the sale of foreign exchange in Chinese Yuan (CNY), signaling the consummation of the Bilateral Currency Swap Agreement (BCSA) recently signed with the People’s Bank of China (PBoC).

CBN governor to lead discussions as FICAN confab opens Sept 15

The Monetary Policy Committee of the Central Bank of Nigeria, CBN, on Tuesday left the Monetary Policy Rate unchanged at 14 per cent.The CBN Governor, Mr Godwin Emefiele, announced the decision of the committee at the end of a two-day meeting held at the apex bank’s headquarters in Abuja.

Access Bank, UBA partner AFD in €74m investment in Nigeria’s renewable energy sector

Nigeria’s two leading banks, Access Bank and United Bank for Africa (UBA) have partnered with foreign development agency of France, Agence Francais de Development (AFD), to invest €74 million in renewable energy, just as the French Secretary of State to the Minister of Economy and Finance, Mrs Delphine Geny-Stephann, has pledged skill transfer from their companies.

Private sector endorses Buhari’s economic policy directions

Sunday Ode, Abuja

Private sector chieftains have endorsed the economic policy directions of the President Muhammadu Buhari’s administration.This endorsement came at the 8th edition of the Presidential Business Forum hosted quarterly by the administration with participant’s praising government’s ongoing reforms.

Accolades for Leo as UBA emerges best institution in digital banking across Africa

Pan-African financial services group, United Bank for Africa Plc, has again made an addition to its growing list of enviable laurels as it was named Africa’s best bank in the Digital category at the prestigious Euromoney awards in London.

National Carrier: Nigeria opens negotiation with Airbus, others

Ahead of the December 2018 dateline for the commencement of operation by the proposed Nigeria’s National carrier, the Minister of State for Aviation, Hadi Sirika has commenced negotiations with aircraft manufacturers and investors at the ongoing Farnborough International Air Show in the United Kingdom (UK).

Bluechip Technologies celebrates 10th anniversary

Business applications and data management solutions firm, Bluechip Technologies Limited, on Friday concluded the celebration of its 10th anniversary with a series of events including the launch of an endowment fund at Matori Grammar School, Lagos.

Standard Organization of Nigeria (SON) has certified Dangote Cement as having passed the Mandatory Conformity Assessment Programme (MANCAP), a development the agency said has stood out the company among its competitors in the industry.

Forex: CBN injects $317.52m, CNY 58.40m into retail SMIS

The inter-bank Foreign Exchange Market has received additional $210 million from the Central Bank of Nigeria (CBN), to meet customers’ requests in various segments of the market. The injection of the fresh funds is part of CBN’s regular interventions at stabilizing the foreign exchange market.

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