CBN issues fresh foreign currency deposit guidelines
The Central Bank of Nigeria (CBN) has issued fresh guidelines to Deposit Money Banks (DMBs) on the deposit of foreign currency notes with the apex bank.
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.”
CBN denies selling FX to BDCs at N1,001/$1
The Central Bank of Nigeria (CBN) has described as false, reports that it is selling foreign exchange (FX) to bureau de change (BDC) operators at the rate of N1,001/$1.
CBN identifies 8 ways Naira can be abused
The Central Bank of Nigeria (CBN) has listed eight activities that constitute the abuse of Nigeria’s currency, Naira.
