The Central Bank Of Nigeria (CBN) has withdrawn Foreign Exchange Allocation for importers of some goods into the country. The CBN Governor, Mr Godwin Emefiele, revealed...
The naira, which rose to 180 against the dollar shortly after the inauguration of President Muhammadu Buhari about a month ago, has fallen to 222 at...
The Economic and Financial Crimes Commission (EFCC) is set to charge six top officials of the Central Bank of Nigeria (CBN) and 16 others to a...
Okonjo-Iwela directs SURE-P to terminate pact with firm.” PUNCH, May 15, 2015, p 9. In one of her last face-saving measures, Dr Ngozi Okonjo-Iweala, the Coordinationg...
Nigeria’s Minister of Finance, Ngozi Okonjo-Iweala, has distanced herself from the audit firm, PriceWatersHouseCoopers, saying she should not be held responsible for its hiring to probe...
by Chukwu Obi Nigeria’s external reserves has dropped to $29.9billion for the first time since 2006. Data from the CBN website shows our Gross External reserves...
by Chukwu Obi External reserves otherwise known as foreign exchange reserves fell by $3.07 billion as of March 4 signifying 9.04 per cent drop compared to...
Nigeria’s foreign exchange reserves fell 9.04 percent to $30.87 billion by March 4, from $33.94 billion a month earlier, data from the central bank showed on...
by Deji Abiodun The Central Bank of Nigeria has moved to lessen the pressure on the country’s foreign exchange reserves resulting from spurious demand. A statement...
The Central Bank of Nigeria (CBN) spent $380 million in two days to prop up the ailing naira after it conducted special forex interventions to shore...
Nigeria’s foreign reserves which stood at $36,682,393,745 on December 1, declined to $34,495,665,567 as at December 30, 2014. The Central Bank of Nigeria (CBN) statistics indicates that...
The Central Bank of Nigeria said that the commemorative N100 banknote unveiled recently by the President, Dr. Goodluck Jonathan, is going into circulation from yesterday. This...
