Citing economic benefits, Buhari backs CBN’s naira redesign plan
BY CHUKS OLUIGBO The raging opposition to the Central Bank of Nigeria’s plan to redesign and replace N200, N500
CBN moves to provide sweeping oversight of foreign banks
By Onome Amuge Foreign banks and other financial institutions seeking to establish an approved representative office in Nigeria will
CBN licences Premium Trust Bank raising number of banks in Nigeria
CHARLES ABUEDE The number of banks operating in Nigeria has again risen with commencement of operation by Premium Trust Bank after it
CBN taps Angbazo, GE’s Nigeria chief, as pioneer CEO of InfraCorp
BY Phillip Isakpa In what would be interpreted globally as a big steal, the Central Bank of Nigeria, the prime mover of Infrastructure
BDCs wage operational war against forex speculators, black market dealers distorting the naira to global currency exchange rates
· Association says no speculator or street hawker will be allowed to perpetuate illegal exchange rate practices Charles Abuede
Covid-19 pressure holds Nigeria remittance inflows by jugular
Remittances remain significantly below 10-year historical average of $5.3bn Experts anticipate CBN sustains policy stance in 2021 to
CBN to resume dollar sale to BDCs on international flight restart
BY: Moses olajuwon Obajemu The Central Bank of Nigeria (CBN) will resume the sale of foreign exchange (dollar) to bureau de change
Reps unhappy as CBN fails to account for $11bn power funds disbursement
BY: Moses olajuwon Obajemu The Central Bank of Nigeria could not give full details of the withdrawal of the sum of $11 billion
The fall continues as Foreign reserves shed $673.13m in two months
There is no respite for the naira as the country’s foreign reserves shed $673.13m, plunging from $36.57bn on June 1 to $35.89bn on
CBN’s July PMI in at 44.9 points, key sectors contract 3 months in a row
Charles Abuede Central Bank of Nigeria’s (CBN’s) July manufacturing Purchasing Managers’ Index, an economic measure of the