Despite the growing pressure on the naira, Olayemi Cardoso, the governor of Nigeria’s central bank, has…
Tag:
Central Bank of Nigeria
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Nigeria’s foreign reserves have increased in recent times but the naira is still losing value in…
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Business And Money
Central Bank of Nigeria stops charges on cash deposits
by samsunblogby samsunblogThe ban on banks charging processing fees for cash deposits beyond a set amount has been…
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A specialized center has been put into operation by the Corporate Affairs Commission (CAC) to make…
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Business And Money
Dollar supply: Businesses in Nigeria settle foreign debts
by samsunblogby samsunblogNigeria’s foreign exchange market now has more dollar supply as a result of the central bank’s…
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At the official market (NAFEM) and on the black market, the naira has declined for the…
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Business And Money
Naira depreciates further at the official & black forex market
by samsunblogby samsunblogIn both the official and black markets, the naira depreciates for the second day in a…
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Business And Money
Nigeria issues Treasury Bills worth N8trn-Finance Minister
by samsunblogby samsunblogNigeria issues Treasury bills to support the ailing economy affected by currency devaluation and other economic…
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Business And Money
Banks in Nigeria set for heavy dividend payouts in view of new capital base-Ernst & Young says
by samsunblogby samsunblogErnst & Young Global Limited (EY) states that future capital restrictions will force banks in Nigeria…
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Business And Money
Naira appreciation: Central Bank of Nigeria not depending on FX reserves
by samsunblogby samsunblogWith its limited involvement in the foreign exchange market, the Central Bank of Nigeria (CBN) has…