Why we ignored calls for naira devaluation, by CBN
ABUJA—The Central Bank of Nigeria, CBN, yesterday, disclosed that it refused to further devalue the Naira because it would not have had direct impact on the country’s exports as a mono-economy.
Foreign suppliers shut credit lines to Nigerian businesses, CBN accuses operators of round-tripping
The organised private sector weekend said that members are finding it difficult to pay foreign creditors for goods imported before the CBN restriction on 41 items access to foreign exchange market in Nigeria. They also said that many hotels in the country are saddled with large amounts of cash, foreign currency which they could not lodge into their domiciliary accounts or do business with.
CBN partners ex-internationals for annual championship
The Central Bank of Nigeria (CBN) says it has concluded arrangement to partner with some notable ex-internationals for the organization of the 2015 edition of the Annual All Financial Institutions Football Competition slated to kick off across the country on Sunday.
Nigeria to raise $4bn in treasury bills in Q4 – CBN
The Central Bank of Nigeria (CBN) says it plans to auction N814.78 billion in Treasury bills between Sept. 17 to Dec. 3.
Economy in trouble, as oil price crashes
Nigeria’s economy may be heading for trouble, as oil price crashed even lower at the weekend, thereby threatening the 2015 budget and fiscal plan.
Senate approves Emefiele as new CBN gov
The Senate on Wednesday confirmed the appointment of a new central bank governor to replace Lamido Sanusi, who was suspended on government charges of “financial recklessness and misconduct”.
