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Category: Economy

Breaking Economy

Dealers pick $85.69m out of $100m offered by CBN

Iheanyi Ejiofor April 28, 2017 headline

The Central Bank of Nigeria (CBN) disclosed on Friday, April 28, 2017, that authorized dealers were only able to pick $85.69 million out of the $100 million offered by the…

Read More Dealers pick $85.69m out of $100m offered by CBN
Economy

CBN offers $100m in Wholesale forwards

Iheanyi Ejiofor April 27, 2017 headline

Buoyed by the impact of its interventions and stability in the foreign exchange market, the Central Bank of Nigeria (CBN) on Thursday, April 27, 2017 offered the sum of $100…

Read More CBN offers $100m in Wholesale forwards
Economy

CBN auctions $185.86m in Retail

Iheanyi Ejiofor April 27, 2017 headline

Following Tuesday’s assurances by the Governor of the Central Bank of Nigeria, Godwin Emefiele, that the CBN will continue to intervene in the foreign exchange market, the apex Bank on…

Read More CBN auctions $185.86m in Retail
Economy

Nigeria will be out of recession by third quarter – Emefiele

Iheanyi Ejiofor April 26, 2017 cbnemefieleheadline

Godwin Emefiele, Governor of the Central Bank of Nigeria, has said that Nigeria should be out of recession by the third quarter of 2017 with the current efforts being made…

Read More Nigeria will be out of recession by third quarter – Emefiele
Business Economy

CBN sells $25m in new FX window for investors, exporters

Iheanyi Ejiofor April 25, 2017 headline

… Dealers fail to subscribe fully to CBN’s $150m offer   The Central Bank of Nigeria (CBN) on Tuesday, April 25, 2017, commenced interventions in the new Investors’ & Exporters’ FX…

Read More CBN sells $25m in new FX window for investors, exporters

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