CBN probes banks’ restriction of customers’ access to forex accounts
Financial Vanguard learnt that the apex bank would intervene on the side of customers by compelling banks to honour all legitimate withdrawal requests from domiciliary accounts and dispense foreign currencies as requested by account holders.
Naira depreciates to N1,475/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday depreciated to N1,475 per dollar in the parallel market from N1,467 per dollar on Tuesday. But the naira appreciated to N1,451 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira fell to […]
Nigeria’s foreign reserve rises to $46bn
The CBN Governor, Cardoso, disclosed this at the opening of the Monetary Policy Department’s 20th anniversary colloquium in Abuja
Naira appreciates to N1,470/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday appreciated to N1,470 per dollar in the parallel market from N1,475 per dollar last weekend. However, the naira depreciated to N1,447 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira rose to […]
Economy: Experts disagree with FG on performance
A multiple shade of informed analysis of the outcomes so far recorded in the two and half years economic reform measures of the Federal Government, FG, seem to have largely contradicted the government’s assessment of the performance.
Banks must back innovation, not just big corporates — Wale Edun
Edun commended the Central Bank of Nigeria (CBN) for maintaining monetary discipline under its current leadership.
