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Business

With $17bn Net Reserves, CBN’s Audited Account Shows $13.8bn Exposure to JP Morgan, Goldman Sachs, FX Forwards

<p>It has Introduced a framework for in-country FX transfers to remove barriers.</p> <p>The post <a rel="nofollow" href="https://www.arise.tv/with-17bn-net-reserves-cbns-audited-account-shows-13-8bn-exposure-to-jp-morgan-goldman-sachs-fx-forwards/">With $17bn Net Reserves, CBN’s Audited Account Shows $13.8bn Exposure to JP Morgan, Goldman Sachs, FX Forwards</a> appeared first on <a rel="nofollow" href="https://www.arise.tv">Arise News</a>.</p>

mingooland · · 7 min read
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Business

CBN Attributes Naira Crash To Diversion of Diaspora Remittances To Parallel Market

<p>Shonubi said that policies should be put in place to control and detect channels for illegal remittances.</p> <p>The post <a rel="nofollow" href="https://www.arise.tv/cbn-attributes-naira-crash-to-diversion-of-diaspora-remittances-to-parallel-market/">CBN Attributes Naira Crash To Diversion of Diaspora Remittances To Parallel Market</a> appeared first on <a rel="nofollow" href="https://www.arise.tv">Arise News</a>.</p>

mingooland · · 3 min read
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Business

Excess Liquidity Weakens Naira Further at Parallel Market to N950/$1

<p>However, on the Investors and Exporters’ (I&E) window, the naira closed at N781/$1 compared with its opening rate of N782/$1.</p> <p>The post <a rel="nofollow" href="https://www.arise.tv/excess-liquidity-weakens-naira-further-at-parallel-market-to-n950-1/">Excess Liquidity Weakens Naira Further at Parallel Market to N950/$1</a> appeared first on <a rel="nofollow" href="https://www.arise.tv">Arise News</a>.</p>

mingooland · · 8 min read
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Business

Naira Advances Towards N1000 Per $1, Hits Record Low Of N915 To $1 At Parallel Market

<p>Nigeria’s economy has been under pressure since the Central Bank of Nigeria (CBN) floated the currency in June.</p> <p>The post <a rel="nofollow" href="https://www.arise.tv/naira-advances-towards-n1000-per-1-hits-record-low-of-n915-to-1-at-parallel-market/">Naira Advances Towards N1000 Per $1, Hits Record Low Of N915 To $1 At Parallel Market</a> appeared first on <a rel="nofollow" href="https://www.arise.tv">Arise News</a>.</p>

mingooland · · 2 min read
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Business

Report: NNPC Commences Drilling of Nasarawa Well, Four Months After Ceremony

<p>The company is also frantically working to spud the Wadi-B in Borno state, tentatively by the second week of August.</p> <p>The post <a rel="nofollow" href="https://www.arise.tv/__trashed-44/"><br>Report: NNPC Commences Drilling of Nasarawa Well, Four Months After Ceremony</a> appeared first on <a rel="nofollow" href="https://www.arise.tv">Arise News</a>.</p>

mingooland · · 3 min read
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Business

FCCPC Orders Google To Remove Nairaloan, Swiftkash, 16 Other Digital Money Lenders From Playstore For Non-Compliance

<p>“The Commission will continue engaging Google to clarify how and why apps that have not received relevant regulatory approvals are available on Google's platform." </p> <p>The post <a rel="nofollow" href="https://www.arise.tv/fccpc-orders-google-to-remove-nairaloan-swiftkash-16-other-digital-money-lenders-from-playstore-for-non-compliance/">FCCPC Orders Google To Remove Nairaloan, Swiftkash, 16 Other Digital Money Lenders From Playstore For Non-Compliance</a> appeared first on <a rel="nofollow" href="https://www.arise.tv">Arise News</a>.</p>

mingooland · · 2 min read
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Business

CBN: We Don’t Have Control Over Petrol and Dollar Dollar Prices

<p>The Director of NMDPRA, Ogbugo Ukoha stressed that market forces determine the price of fuel.</p> <p>The post <a rel="nofollow" href="https://www.arise.tv/cbn-we-dont-have-control-over-petrol-and-dollar-dollar-prices/">CBN: We Don’t Have Control Over Petrol and Dollar Dollar Prices</a> appeared first on <a rel="nofollow" href="https://www.arise.tv">Arise News</a>.</p>

mingooland · · 2 min read
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Business

At Ministerial Screening, Wale Edun Says Naira’s Fair Value is N700/$1

<p>He recommended digital capturing of all beneficiaries of the cash transfer, ahead of the plan to share the $800 million World Bank loan to vulnerable Nigerians.</p> <p>The post <a rel="nofollow" href="https://www.arise.tv/at-ministerial-screening-wale-edun-says-nairas-fair-value-is-n700-1/">At Ministerial Screening, Wale Edun Says Naira’s Fair Value is N700/$1</a> appeared first on <a rel="nofollow" href="https://www.arise.tv">Arise News</a>.</p>

mingooland · · 8 min read
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