The Naira closed the week stronger on Friday at the parallel market, as it consolidated its position against the US dollar. The Naira was traded at N380 to $1 on…
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Category: Economy
FOREX: Dealers pick $81.3m out of $100m offered by CBN
Following Thursday’s FOREX wholesale auction, the Central Bank of Nigeria (CBN) on Friday, March 24, 2017, concluded transactions on the sum of $100 million earlier offered at the interbank market…
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FOREX: CBN offers $100m as dollar continue to crash
The Central Bank of Nigeria (CBN) on Thursday, March 23, 2017, offered the sum of $100 million to meet the requests of wholesale customers, out of which $91 million was…
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Costs of War: Nigeria spent $2.6bn in 2016 to fight Boko Haram – Olonisakin
Chief of Defence Staff, General Abayomi Olonisakin has announced that Nigeria spent more than $2.6 billion in curbing the humanitarian effects of Boko Haram insurgency. Gen. Olonisakin made this statement…
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CBN Communique No. 112 of the MPC Meeting – March 20-21, 2017
Background The Monetary Policy Committee met on the 20th and 21st of March, 2017, against the backdrop of persistent uncertainty in the global economy, stemming from economic and socio-political developments…
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