Mutilated notes: CBN reduces currency sorting charges to N1,000/box
If you want to make a sale, if you are sure nobody will accept it from you, you reject it, but if you are sure somebody will take it from you, or if you take it to the banks, they will take it, you can accept it
Is CBN defending the Naira or Dollar? – Henry Boyo
“AS I speak to you, our external reserves stand above $31bn and that provides us with enough fire power to be able to defend the Naira (N305=$1)” (Godwin Emefiele CBN Governor, April 25th, 2017).
CBN to slow liquidity mop-up as DMO kick-starts bond issuance with N110bn offer
THE Debt Management Office (DMO) will, this week, offer N110 billion worth of FGN bonds in commencement of its 2018 bond issuance programme, prompting expectations of reduced liquidity mop-up operations by the Central Bank of Nigeria (CBN).
Micro-insurers must deposit 10% minimum capital with CBN — NAICOM
THE National Insurance Commission, NAICOM, has said that prospective microinsurers must maintain a statutory deposit of 10 percent of the minimum capital requirement with the Central Bank of Nigeria, CBN.
Is CBN the evil genius behind higher fuel prices?
THE acute scarcity of petrol nationwide may have receded significantly, but issues relating to steady supply, appropriate pricing and fuel subsidy, obviously still remain very contentious. Government and NNPC have invariably blamed private marketers for the fuel shortage, while marketers have conversely, demanded the immediate payment of over N720bn that NNPC owes them.
CBN to aggressively push tomato, cocoa, palm oil production in 2018 – Emefiele
The Central Bank of Nigeria (CBN) says it will aggressively push and support farmers to boost the production of tomato, cocoa and palm oil across the country in 2018.
