Tag:
auction
Business
NDIC Set to Auction Heritage Bank Assets from December 4
The Nigeria Deposit Insurance Corporation (NDIC) has announced that it will begin the sale of Heritage Bank’s assets on December 4, 2024. This decision follows...
Business
Naira Gains Against Dollar as CBN Implements New Forex Auction System
The Naira continued its upward trajectory against the US dollar at the official foreign exchange market on Monday, reflecting a positive trend amid ongoing...
Business
CBN Sells $815.36m in Inaugural Dutch Auction
The Central Bank of Nigeria (CBN) has conducted its first Retail Dutch Auction System (rDUS), selling $815.36 million to 26 banks at an exchange...
Business
CBN Reinstates Dutch Auction to Address Forex Shortage
The Central Bank of Nigeria (CBN) is set to reintroduce the Retail Dutch Auction System (rDAS) as part of its strategy to address the...