Tag: CBN

The policy of denying scarce dollars for the importation of 41 low-skilled items has made companies grow multifold.

Naira recently lost against dollar.

The federal government has lost over N70 billion in the possession of various commercial banks since 2004, says an official.

The Nigerian currency lost one point to exchange at N368.

The CBN offered $100 million to authorised dealers in the wholesale window.

Naira had been strong for two weeks.

The committee gave the review at the end of its 331st meeting in Abuja.

The CBN is believed to have injected a cumulative sum of $3.61 billion between February and April 2017.

The pound sterling and the Euro closed at N477 and N428 to the naira, respectively.

“The invisible segment was offered $45 million intervention.”

They say they were being given a N185, 000 loan package after a nine-month delay, instead of the promised N300,000.

IATA says non-remittance of the funds having negative impact on airline operations.

“The economic backdrop remains challenging, despite some signs of relief in the first half of 2017,” IMF said.

“The CBN and NCC observed that the activities and attempt by some creditors were going to lead to the dismemberment ...

The governor said the move was to attract greater foreign investment.

The Pound Sterling and the Euro closed at N475 and N420 respectively at the parallel market.

The Central Bank's MPC met on Tuesday.

The CBN management said it is quite pleased with the performance of the naira.

The Naira, however, depreciated at the investors’ window as it closed at N367.3 to the dollar.

The World Bank Global Ease of Doing Business Ranking evaluates 190 countries.

The Federal Government had accused the state oil company of concealing the funds

Nigerians have condemned the Senate's demand.

The denies concealing the money from the authorities.

‎"It will definitely distort the market and create another confidence crisis."‎

In 2016, the Central Bank shored up Skye Bank with a N100 billion.