The Central Bank of Nigeria (CBN) on Thursday, April 6, 2017, offered the sum of $100 million to authorized dealers at the forex auction in the interbank wholesale window. The…
Read More CBN injects $100m into forex market
Category: Economy
FG’s economic model bound to fail – Sanusi
Emir of Kano, Muhammadu Sanusi II, has faulted the economic model of the federal government, saying it is bound to fail. While speaking at the Kaduna State Economic Summit, Sanusi…
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FG will combat economic hardship with anti-terror approach – Buhari
The federal government has vowed to fight the economic hardship currently gripping the nation with the same intensity applied to fighting terrorism, according to Nigeria’s president. During the inauguration of…
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Forex: CBN Boosts BDCs…Makes $10,000 Midweek Intervention
The Central Bank of Nigeria (CBN) in its bid to sustain supply of liquidity to the foreign exchange market, has decided to make a special intervention in the Bureau de…
Read More Forex: CBN Boosts BDCs…Makes $10,000 Midweek Intervention CBN boosts forex supply by $240m
…$150m for wholesale auction …$90m for BTA, PTA, medicals, etc. …Adjusts $10,000 BDC sale to Tuesdays only …Directs banks to pay cash to desiring customers OTC The Central Bank of…
Read More CBN boosts forex supply by $240m