LAGOS — The Central Bank of Nigeria (CBN) says authorized dealers were able to subscribe to $65.94 million out of the $100 million offered by it at the inter-bank wholesale transactions concluded yesterday indicating emergence of dollar glut in the market.

The Central Bank of Nigeria, CBN, yesterday, issued its Purchasing Managers Index, PMI, report for April, which indicated expansion in most subsectors of the economy during the month.

STRONG indications have emerged that the Senate has run into confusion over recent requests by the Presidency for confirmation of Board members of Central Bank of Nigeria, CBN, and the Resident Electoral Commissioners, RECs.

ABUJA—The Association of Nigerian Electricity Distributors ANED, has cried out that N152.16bn of the N201.61 billion Central Bank of Nigeria, CBN, fund, which is reflecting on accounts of Distribution Companies, DISCOs, was denying them access to commercial banks’ loans.

Sadly, CBN and our Economic Management Teams have never been able to construct the appropriate foundation which supports low cost of funds (3-6%), low inflation rate (1-3%) and a liberalised forex market to drive the elusive quest for economic diversification

The Central Bank of Nigeria (CBN) Thursday continued its intervention in the foreign exchange market by offering $100 million to banks to meet the requests of wholesale customers at the forex auction in the interbank wholesale window.

The Central Bank of Nigeria (CBN) on Thursday said it had offered 100 million dollars to authorised dealers as its intervention to stabilise the foreign exchange market.

ABUJA— THE Central Bank of Nigeria, CBN, Governor, Mr Godwin Emefiele, yesterday, expressed optimism that the present economic recession in the country would end by the end of June or latest by the third quarter of this year, based on what he described as emerging positive economic indicators.

THOMAS Hardy, 1840-1928, great British writer, once said that “a pessimist is the person who looks at the worst possible contingencies.” (VANGUARD BOOK OF QUOTATIONS, VBQ, p 186). No Federal Government official has been plagued by more pessimists in the last two years, but especially since January this year, than Mr Emefiele, the Governor of Central Bank of Nigeria.

The President and Managing Director, Ericsson Nigeria, Rutger Reman has urged stakeholders in the Nigerian information communications , ICT, ecosystem to ensure the success of mobile money in the country.