The Central Bank of Nigeria Friday said it only recognizes the importers and exporters window in the FX market.
The apex bank at the MPC in Abuja said the black market is illegal.
The Central Bank of Nigeria Friday said it only recognizes the importers and exporters window in the FX market.
The apex bank at the MPC in Abuja said the black market is illegal.
The monetary policy committee of the Central Bank of Nigeria (CBN) also announced its decision to maintain the monetary policy rate (MPR), which measures interest rate, at 11.5 percent.
CBN Governor Emefiele said the committee unanimously voted to maintain the key lending rate at 11.5 percent, with the asymmetric corridor of +100 and -700 basis points around the MPR.
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN)...
As part of measures to strengthen the naira against the dollar, the...
Former Brazil and Barcelona star Dani Alves, convicted of rape in Spain,...
The World Health Organization (WHO) has disclosed that about 70 percent of...
Nigerian businessman and industrialist Alhaji Aliko Dangote says he has allocated N15...
The Nigerian sprint star, Tobi Amusan, won gold in the women’s 100m...
The naira strengthened on Wednesday to close at N1400/$1 in the parallel...
The Board Directors of Zenith Bank Plc has announced the appointment the...
The Nigerian business community in Ghana has urged the federal government to...
The Federal Government says it has released N12.7 billion to provide electricity...
Heirs Holdings has launched its first-ever television commercial (TVC), showcasing the company’s...
Access Holdings PIc has announced the return of Mr. Aigboje Aig-Imoukhuede as...
The Central Bank of Nigeria (CBN) has directed all microfinance banks (MfBs)...
Heirs Holdings, a leading African investment company dedicated to improving lives and...
President Bola Tinubu has promised to prioritize the welfare of women, protect...
The Flying Eagles of Nigeria started their campaign in the men’s football...
Transnational Corporation Plc (Transcorp Group) wishes to announce the listing of its...
The Central Bank of Nigeria (CBN) has said it will sell Treasury...
An economist, Mr. Esili Eigbe, has said Nigeria lacked sufficient reserves to...
In its bid to increase liquidity, strengthen the naira, and curb distortion...
Leave a comment