CBN not boosting confidence in MfBs – Whensu
The industry is still very young; some have foreign body assisting them in terms of funding. This business needs funding. N2 billion to N20 billion is quite a huge difference and the kind of business that an association can do with N2 billion, N20 million cannot do it. Size also matters in this business. If you also observe, the big names that control 40 percent of industry total assets also have foreign partners behind them, so to access funding is very easy.
Naira appreciates at NAFEX as CBN injects $195/$
The naira yesterday appreciated to N362.21 per dollar at the Nigeria Autonomous Foreign Exchange Market (NAFEX) window, even as the Central Bank of Nigeria (CBN), injected $195 million into the interbank foreign exchange market.
Naira exchanges N364 to Dollar as CBN boosts foreign exchange supply with $195m
The Central Bank of Nigeria (CBN), Monday, intervened in inter-bank Foreign Exchange Market with the supply of 195 million dollars as part of its efforts to stabilise the market.
Forex: CBN injects $195m into FX market
The Central Bank of Nigeria (CBN), has injected $195million into the inter-bank segment of the foreign exchange market, continuation of its drive to ensure the stability of the exchange rate.
CBN to mop-up N238bn as NBS releases June inflation data
HE Central Bank of Nigeria (CBN) will this week continue its tight monetary policy by issuing treasury bills to mop-up N238 billion.
Depleting capital: Insurers seek access to N30bn statutory deposit
HAVING witnessed massive capital depletion while the economic downturn persists, a segment of the insurance industry, especially the fringe players are now lobbying the regulatory authorities to have access to their statutory deposit lodged in the Central Bank of Nigeria, CBN.
