Forex: CBN to inject more funds

There are strong indications that the Central Bank of Nigeria (CBN) is unrelenting in its move to ensure liquidity in the interbank foreign exchange (Forex) market, as it will inject more funds into market this week.

This is according to information gathered by the News Agency of Nigeria (NAN) on Sunday in Abuja from market operators.

Confirming the proposed additional foreign exchange injection into the system, the acting Director, Corporate Communications of the CBN, Mr Isaac Okorafor said the CBN was determined to sustain the provision of liquidity in the Forex market.

Okorafor cautioned dealers in foreign exchange not to engage in any unwholesome practice that could be detrimental to the smooth operations in the market.

He also warned that the CBN would impose heavy sanctions on any organisation involved in such acts.

The CBN had, as at last week, injected over 1.4billion dollars into the interbank Forex market for both wholesale and retail interventions. (NAN)

Read More »

Forex: CBN to inject more funds

There are strong indications that the Central Bank of Nigeria (CBN) is unrelenting in its move to ensure liquidity in the interbank foreign exchange (Forex) market, as it will inject more funds into market this week.

This is according to information gathered by the News Agency of Nigeria (NAN) on Sunday in Abuja from market operators.

Confirming the proposed additional foreign exchange injection into the system, the acting Director, Corporate Communications of the CBN, Mr Isaac Okorafor said the CBN was determined to sustain the provision of liquidity in the Forex market.

Okorafor cautioned dealers in foreign exchange not to engage in any unwholesome practice that could be detrimental to the smooth operations in the market.

He also warned that the CBN would impose heavy sanctions on any organisation involved in such acts.

The CBN had, as at last week, injected over 1.4billion dollars into the interbank Forex market for both wholesale and retail interventions. (NAN)

Read More »

Forex: CBN to inject more funds

There are strong indications that the Central Bank of Nigeria (CBN) is unrelenting in its move to ensure liquidity in the interbank foreign exchange (Forex) market, as it will inject more funds into market this week.

This is according to information gathered by the News Agency of Nigeria (NAN) on Sunday in Abuja from market operators.

Confirming the proposed additional foreign exchange injection into the system, the acting Director, Corporate Communications of the CBN, Mr Isaac Okorafor said the CBN was determined to sustain the provision of liquidity in the Forex market.

Okorafor cautioned dealers in foreign exchange not to engage in any unwholesome practice that could be detrimental to the smooth operations in the market.

He also warned that the CBN would impose heavy sanctions on any organisation involved in such acts.

The CBN had, as at last week, injected over 1.4billion dollars into the interbank Forex market for both wholesale and retail interventions. (NAN)

Read More »

Leicester City Makes Craig Shakespeare new Manager

Craig Shakespeare has been appointed Leicester City manager until the end of the season.

The 53-year-old has been in caretaker charge since Claudio Ranieri was sacked on 23 February, nine months after winning the Premier League title.

Shakespeare, who has never managed full-time, was Ranieri’s assistant after being brought to the club by the Italian’s predecessor, Nigel Pearson.

Leicester have won both of their games with him in charge.

Foxes vice-chairman Aiyawatt Srivaddhanaprabha said: “We always knew the team would be in good hands when we asked him to take charge a fortnight ago.

“He has initiated the type of positive response that we hoped change would bring, showing great leadership qualities and composure under considerable pressure to produce two very important results.

“We have asked him to continue to lead the team this season and we are very happy that he has accepted.”

Shakespeare’s first match as caretaker manager was a 3-1 league victoryover Liverpool, and they beat Hull City by the same scoreline.

The Foxes are three points clear of the relegation zone in 15th.

Leicester host Sevilla in the second leg of their last-16 Champions League tie on Tuesday. The Spanish side won the first leg 2-1.

Analysis

BBC Radio 5 live’s Pat Murphy

There are interesting challenges ahead of Shakespeare now – trying to get into the quarter-finals of the Champions League while trying to stave off Premier League relegation.

He made no bones about wanting the job. The players and the fans, in a local newspaper poll, were overwhelming in favour of him getting the job until at least the end of the season. So let’s see what sort of fist he makes of it.

He knows very well that stepping up from the number two role is light years away from letting someone else take the unpopular decisions and determine the tactics.

Read More »