CBN Has Pumped $3.6 Billion Into Forex Market Within 10 Months

The CBN injection of over 3.6 billion dollars to meet the demand for overseas trade resulted in the convergence of quotes at the parallel market and the Bureau De Change segments. Since February, CBN has reportedly injected $3.6 billion into the foreign exchange market. Reports bears it that the Naira has preferred by using 30.3 percentage because the Central Bank of Nigeria (CBN) started out its interventions at the overseas change market. The Naira had reached a top at N520 previously in Read more [...]

Swiss To Return $321 Million In Stolen Cash To Nigeria

  In 2014, Nigeria and the Abacha family reached an agreement for the West African united states to get lower back the funds, which had been frozen, in return for shedding a criticism towards the former military ruler’s son, Abba Abacha. Switzerland will return to Nigeria around $321 million in belongings seized from the family of former navy ruler Sani Abacha with the aid of a deal signed with the World Bank on Monday, the Swiss government said. Transparency International, a corruption Read more [...]