CBN to sanction exporters who ship out goods without Nigerian Export Proceeds (NXP) numbers.
MPR, Cash Reserve Ratio (CRR), Liquidity ratio, and asymmetric corridor remain unchanged.
The current account deficit is critical to deciding on whether to devalue or not.
Apex bank to hold its 274th Monetary Policy Committee meeting on Monday, July 20, 2020.
The external reserves grew from $33.42 billion on April 29th 2020 to about $36.00 billion in May 2020 which is enough to finance seven months of...
Join Adetayo Adesola and Olumide Adesina as they discuss how the recently released MPR value mean for Nigerian Banks. Other podcasts
These follow recent pronouncement by the CBN that it is ready to provide forex for investors who wish to repatriate funds from the country
The IMF wants the CBN to end some of its harshest policies including lifting the forex ban on 41 items.
With all its strides in profitability, foreign exchange gains, and even an increase of well over a billion in its net gains on financial instruments, one...
The Central Bank of Nigeria has lifted the temporary suspension of cheque clearing in the country with effect from Tuesday, April 28, 2020