Onuesoke tasks CBN on release of funds to Forex Market
A chieftain of Peoples Democratic Party, PDP, in Delta State, Mr Sunny Onuesoke, has advised the Central Bank of Nigeria, CBN, on its recent policy of releasing foreign exchange to the market for school fees, medical treatment and manufacturing sector.
50kg bag of rice now N8,000 in Ebonyi – CBN
Central Bank of Nigeria Tuesday in Yenagoa said that a 50 kg bag of Nigeria rice is selling in Ebonyi for N8,000.
CBN meets BDCs as Naira depreciates to N466/$
THE Naira yesterday de preciated further to N466 per dollar in the parallel market prompting the Central Bank of Nigeria (CBN) to meet with Bureaux De Change (BDC) operators and Travelex to evolve measures to halt the persistent slide of the currency.
Oil sector exposure poses systemic risks to banking sector – CBN
The Central Bank of Nigeria, CBN, has expressed concerns over the banks’ exposure to the oil and gas sector, stating that the huge exposure was capable of triggering systemic risks in the financial sector.
N1.7trn bad loans threaten banks – CBN
As the nation’s economy battles recession, there are indications that the banking industry’s stability has come under severe threat.
Foreign reserve lost $5.5bn in Q2, 2016 – CBN
Latest figures from the Central Bank of Nigeria, CBN, shows that the country’s external reserve has lost a total of USD5.5 billion this year, up to last weekend, with September figures showing a third quarter loss of USD1.9 billion, significantly higher than USD1.5 billion lost in the preceding quarter (second quarter 2016), despitee higher exchange rates.
