Forex: CBN Knocks Off $7bn Legacy Backlog, Settles Valid Claims
BY EDMOND ODOK – The Central Bank of Nigeria (CBN) says in keeping with the promise made by the Governor, Olayemi Cardoso, to process an inherited backlog of US$7 billion…
Forex
CBN Kicks-off Monetary Policy Reforms, Floats Naira
Collapses forex into import and export window Ditches RT200 rebate, Naira4Dollar remittance schemes BY EDMOND ODOK – The Central Bank of Nigeria (CBN) has adopted a clean float foreign exchange…
Jet-A1, Forex Scarcity: Airline Operators Raise Alarm Over Shutdown
The Airline Operators of Nigeria (AON), has again declared that scarcity and high cost of aviation fuel, in addition to the high rate of foreign exchange are major challenges that…
FOREX: Banks ’ll Comply Fully – CBN Assures Customers
Says no cause for alarm over dom account deposits BY EDMOND ODOK, ABUJA – The Central Bank of Nigeria (CBN) has assured the banking public of effective monitoring of all…
Nigeria Must Encourage Export, Attract Forex – Former LCCI Boss
BY CHINYERE OBIORA, LAGOS – The immediate past Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Dr Muda Yusuf says Nigerian authorities must create an enabling environment to…
JAIZ Bank Offers Forex Lifeline To SMEs
BY VICTOR OSOWOCHI, ABUJA – Determined to open up businesses and boost the nation’s economy amid the current Coronavirus (COVID-19) pandemic crisis, Nigeria’s foremost non-interest bank, Jaiz Bank Plc, has…
CBN Injects Another $210m into Forex Market
BY OLAKUNLE AWONIYI, ABUJA – As part of its policy of boosting liquidity in the sector, the Central Bank of Nigeria (CBN), has again injected $210 million into the inter-bank…
Forex: CBN Boosts Retail Secondary Market With $218.41m, CNY 18m
BY EDMOND ODOK, ABUJA – The Central Bank of Nigeria (CBN) has boosted its retail Secondary Market Intervention Sales (SMIS) with the sum of 218.41 million dollars. In addition, the…
Forex: CBN Injects $253.38m, CNY 16.7m into Retail SMIS
BY CHINYERE OBIOMA, LAGOS – The Central Bank of Nigeria (CBN) flagged off its first intervention in the foreign exchange market for year 2020 with an injection of $253.38 million…
Banks Daze Customers With N1.16trn Loans In 6months
BY CHINYERE OBIORA, LAGOS – The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele says it is kudos to Deposit Money Banks (DMBs) that customers have enjoyed loan facilities totalling…