Agency report The Central Bank of Nigeria, says the sale of foreign exchange under the new policy is transparent and not intended to benefit any individual or corporate body. Acting…
Read More Foreign exchange policy not meant to favour special interests – CBN
Chidi Samuel The Central Bank of Nigeria (CBN) says, it will not reverse its foreign exchange policy currently aimed at conserving foreign exchange, stimulating agriculture and manufacturing and promoting exports…
Read More Forex management: We will not bow to ‘self serving’ interests- CBN
Chidi Samuel Professor Yemi Osibanjo, Nigeria’s Vice President on Thursday at Aba, stated that the quest for development of local capacity is a panacea for rapid economic growth. The Vice…
Read More Osinbaja in Aba, pledges support for local producers, manufacturers
Ebun Francis Justice John Tsoho of the Federal High Court on Thursday granted an order mandating the return of the controversial OPL245 to the Federal Government of Nigeria, pending “the…
Read More Court orders OPL 245 returned to Nigerian government
Ebun Francis Mr Godwin Emefiele, Nigeria’s Central Bank Governor, has warned against reckless spending of the country’s scarce forex resources even as Nigeria’s foreign reserve rises to $28.9 billion. Rising from…
Read More CBN warns against reckless forex spending