NGX: Capitalisation drops further by N6bn
Negative sentiments continued on the nation’s bourse on Wednesday with the market capitlisation dropping further by N6 billion following sell pressure of some blue chips. […]
FOREX
Again, CBN retains MPR at 11.5%, holds other parameters constant
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday retained the Monetary Policy Ratio at 11.5 per cent for the […]
CBN stops sale of forex to BDCs
The Central Bank of Nigeria (CBN) on Monday announced immediate discontinuation of sale of Foreign Exchange (forex) to Bureau de Change (BDC) operators in the […]
CBN Bans Forex Sales to BDCs, Retains MPR at 11.5%
By Tony Obiechina, Abuja The Central Bank of Nigeria (CBN) said on Tuesday that it will no longer sell foreign exchange to Bureau de Change […]
Near Term Inflation Outlook: Bleak Prognosis, By Uche Uwaleke
The public holidays provide an opportunity to reflect on the capital market and economy in general. One macroeconomic indicator that readily comes to mind is […]
Emefiele’s 7 Years of Central Banking, By Ademola Bakare
Mr. Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN), is a foremost development economist, with a quest to bequeath a central bank […]
FG inaugurates NAADI N/East Zonal office in Bauchi
The Federal Government has inaugurated the North-East Zonal office of the Nigeria Agric-Bussines and Agro-Industry Development Initiative (NAADI) in Bauchi State. Hajiya Maryam Katagum, Minister […]
Board recovers $100m from forensic audit remittances
The Nigerian Content Development and Monitoring Board (NCDMB) has recovered about 100 million dollars of undisputed obligations from forensic audit remittances between 2010 and 2017. […]
CBN increases forex allocation to banks
The Central Bank of Nigeria (CBN) has concluded plans to increase the amount of foreign exchange allocated to banks to meet the requests of customers. […]
Agro Processors ask CBN to enable easy forex access for SMEs
The Association of Food and Agro Processors (AFAP) has appealed to Central Bank of Nigeria (CBN) to assist Small and Medium Enterprises (SMEs) to easily […]