CBN Boosts Retail SMIS With $396.18m

In its relentless move to guarantee liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) has intervened in the Retail Secondary Market Intervention Sales (SMIS) segment of the market to the tune of $396.18million. According to figures obtained from the CBN on Friday, April 20, 2018, the released

States Got N1.73trn In 2017 – NBS

The fiscal allocation to the 36 states by the Federal Account Allocation Committee (FACC) stood at N1,73 trillion in 2017. According to the National Bureau of Statistics (NBS) the total revenue available to the states in the year is put at N2.67 trillion. “ Internally Generated Revenue (IGR) at State Level for

Investigate How Ekweremadu Acquired 32 Choice Properties” -RTD Jury,Umezulike

A former Chief Judge of Enugu State, Professor I.A Umezulike, has asked the National Security Adviser (NSA), Brigadier-General Babagana Monguno (retd), to order the Economic and Financial Crimes Commission (EFCC) to probe how Mr. Ike Ekweremadu, Deputy Senate President, acquired 32 choice properties in Nigeria and abroad. The demand for investigation

Nigeria’s External Reserves climb to $46 billion

By Oru Leornard, ABUJA/Nigeria’s External Reserves are steadily heading towards the $50 billion mark, berthing at $46 billion as at the close of business on Friday, March 9, 2018. Figures obtained from the Central Bank of Nigeria (CBN) at the weekend indicate that the reserves grew by about $3.2 billion between

CBN Injects $335.43m Into Retail SMIS

The Central Bank of Nigeria (CBN), in its resolve to guarantee liquidity in the market, injected the sum of $355.43m into the Retail Secondary Market Intervention Sales (SMIS) on Friday, March 9, 2018. Figures obtained from the CBN on Friday revealed that the figure was to meet requests in the agricultural,