Tag
CBN
Increased oil prices seem not to have stopped the further slide in Nigeria's foreign reserves.
The Naira depreciated against the US Dollar at the Investors and Exporters window on Friday closing at N410.25/$1.
The CBN Governor has revealed that Dangote Refinery will sell refined crude to Nigeria in naira when it commences production.
The CBN Governor has confirmed that the naira has depreciated at the official market to N410 against the dollar.
The Vice President has stated that the banking sector plays a crucial role in promoting increased & inclusive growth in Nigeria.
Vice President Yemi Osinbajo had recently called for Crypto regulation knowing fully well the role Crypto play in the global financial ecosystem.
The CBN Governor, Godwin Emefiele stated that the Crypto ban was in the best interest of Nigerians.
U.S Treasury Secretary Janet Yellen took sides with CBN, by warning investors and the public of the dangers of owning bitcoin.
The CBN Governor had expressed optimism last year that the country was going to come out of recession in Q4 of 2020.
Nigeria's external reserve has lost $1 billion in the last 23 days.
The exchange rate between the naira and dollar closes at N410/$1 at the official I&E Window
The future will tell whether the CBN missed a golden opportunity to harness Nigeria’s place as the biggest market for cryptocurrency in Africa.