NESG welcomes CBN’s move to end price verification system for FX transactions
"The increase in industrial output will have a positive spillover effect on other sectors, further stimulating economic activity.”
CBN relaxes restriction on repatriation of exports proceeds by IOCs
The Central Bank of Nigeria (CBN) yesterday relaxed restriction it placed on repatriation of oil and gas export proceeds by International Oil Companies, IOCs.
CBN orders ‘Cybersecurity Levy’ deductions on electronic transfers
CBN warned that a defaulting institution could be fined to the tune of not less than two (2) percent of its annual turnover
Economic challenges, CBN and reconstruction policies
The challenges of the economy are diverse and demand critical and surgical interventions for reconstruction, reformation and redirection.
There’ll be ups and downs, but we’re working to stabilise naira — CBN
“Again, to be honest, I think we should expect that there will be increases here and there, ups and downs and even from what you’ve reported yesterday, from what I gather, the naira has begun strengthening overnight.”
FX management can’t be successful without economic stability – LP’s Okonkwo tells CBN
“The success of the forex management is in its ability to ensure stability and sustenance, not whether it is high or low. The greatest threat to the economy is uncertainty.”
