CBN’S interventions in forex market
With the exception of the state of health of President Muhammadu Buhari and its consequences for the nation, the most topical economic issue in Nigeria is the fall in value of the Naira to the major foreign currencies (particularly the Dollar).
Forex: CBN queries banks
The Central Bank of Nigeria, CBN, has denied allegations of irregularities in the foreign exchange, forex, transactions among Deposit Money Banks, DMBs and insisted that process remains transparent.
CBN sold $1.1bn to importers in Nov 2016
THE Central Bank of Nigeria (CBN), yesterday, said that it sold $1.1billion to 4,328 firms in November with Crown Flour Mills and five fuel importers receiving the largest share.
Manufacturers urge CBN to release N50bn textile intervention fund
The Nigerian Textile Manufacturers Association (NTMA) has urged the Central Bank of Nigeria (CBN) to expedite the release of the pending N50 billion intervention fund to Cotton, Textile and Garment manufacturers.
CBN urged to review forex restriction on 41 imported items
A financial expert yesterday called on the Central Bank of Nigeria (CBN) to review the foreign exchange restriction placed on 41 items imported into the country.
Sanusi lied; CBN’s lending to FG is N1.467 trn – Presidency
New facts emerged yesterday that the CBN advanced the Federal Government the sum of N1.193 trillion as Ways and Means as at 2nd December 2016. A fact sheet of the accounts of the Federal Government with the CBN, obtained yesterday from Presidency sources disclosed that the Federal Government did not borrow above its limit from the Central Bank of Nigeria, CBN.
