The central bank of Nigeria, CBN, has responded to media reports that it has conditionally lifted the ban it placed on 41 items listed as not legible for forex allocation. In…
Read More ( Updated) CBN’s Policy on 41 Items Remains in Place
Category: Economy
Senate postpones 2017 budget report presentation
The senate has postponed the presentation of the 2017 budget report proposal earlier scheduled for to today to Tuesday next week. The committees of appropriation of both the senate and…
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FOREX: Dealers fail to subscribe fully to CBN $100m offer
The Central Bank of Nigeria (CBN) says authorized dealers were able to subscribe to $65.94 million out of the $100 million offered by it at the inter-bank wholesale transactions concluded…
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CBN bars erring banks from SME Wholesale Forex window
Following persistent complaints that some deposit money banks (DMBs) have deliberately frustrated efforts by many small and medium enterprises (SMEs) to access forex from the new window created by the…
Read More CBN bars erring banks from SME Wholesale Forex window
CBN working towards convergence of FX rates – Okoroafor
Emeka Ejere || The Central Bank of Nigeria (CBN) has been working to make the exchange rates for its currency converge on the official and black market, its spokesman Isaac Okoroafor…
Read More CBN working towards convergence of FX rates – Okoroafor