Central Bank of Nigeria Archives

Exporters lose N78bn to dollar restriction, others

MSC Cruises Confirms Option for Two More Cruise Ships The ongoing conflict between stakeholders and the Central Bank of Nigeria over the export repatriation policy, which...

Archives9 years ago

FOREX: Apapa Gridlock Wanes, As Inward Cargo Drops By 60%

Buhari rejects naira devaluation Bisi Akingbade & Modinat Enikodunmo Lagos The dreaded Apapa gridlock is fast waning, as cargo import into Nigeria, particularly through the Apapa...

Archives9 years ago

Dollar scarcity hits Nigerian banks

Bank customers are now unable to withdraw dollars from their domiciliary accounts amid worsened scarcity of the currency in the financial services sector, Saturday PUNCH investigation has revealed....

Archives9 years ago

Total refuses to cut jobs, despite oil price crash

FG targets N394bn from non-oil exports French energy company, Total expects a drop in last year’s results but does not plan to cut jobs as peer...

Archives9 years ago

FG can finance N2.2trn budget deficit via capital market – NSE boss

As Naira firms up at parallel market The Chief Executive of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, has said that the outstanding federal government...

Archives9 years ago

Dangote refinery’ll fetch $6bn forex yearly —CBN

... As FG plans to raise N1trn from plugging revenue loopholes The Central Bank of Nigeria has expressed its readiness to support the refinery, fertiliser and...

Archives10 years ago

CBN to Publish New List of Bank Debtors

In an effort to forestall another build up of non-performing loans (NPLs) in the banking industry, the Central Bank of Nigeria (CBN) and deposit money banks...

Archives10 years ago

Nigeria’s External Reserves Fall Below $30 Billion

The value of Nigeria’s external reserves, which has been on the downswing in the past few weeks, fell below the $30 billion mark to $29.865 billion...