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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Category: Economy
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…
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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…
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Nigerian stocks hit three-month high on strong earnings, FX moves
Emeka Ibemere || Nigerian stocks hit a three-month high on Tuesday, lifted by company earnings results that outperformed market expectations and hopes that a new currency-trading window will help lure…
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