Tag
CBN
Mr. Lekan Adewoye has said the new CBN directive removing the restriction on access to 43 items for imports will kill the manufacturing industry that is barely struggling to survive.
Human rights lawyer and Senior Advocate of Nigeria, Femi Falana, has revealed that the Central Bank of Nigeria (CBN) collected about N3.2 trillion from customers and other sources but printed only N402 billion during its naira redesign policy.
As of June 2014, crude oil prices averaged $100 a barrel; a year later, crude oil prices as of June 2015 fell to $59. when oil prices fall, Nigeria's external reserves also fall.
CBN has attributed the widening disparity between official and black market exchange rates to the 43 banned items implemented in 2015.
In our view a major factor contributing to the existence of the wide premium between the official and parallel market rate is the distortion in the market that has resulted in more demand going to the parallel market.
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says that the economic policy proposals of President Bola Tinubu’s administration can achieve a Gross Domestic Product (GDP) of $1 trillion in 8 years.
The Central Bank of Nigeria has lifted the ban on 43 items imposed under the Godwin Emefiele CBN era. Here is what it means....
In Nigeria, the forex turnover in the official foreign exchange market has struggled to reach the $300 million mark, a figure last seen during the initial days of forex unification.
Based on the half-year financial markets report of the Central Bank of Nigeria, the apex bank has maintained its intervention in the foreign exchange market in an attempt to alleviate demand pressures and ensure exchange rate stability.
Pension fund regulators should ensure full implementation of the contributory pension scheme as well as total compliance.
The Central Bank of Nigeria (CBN) has debunked the claim that the country’s Central Bank Digital Currency (CBDC), the naira, is a threat to the nation's financial stability.
The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, SAN, has rejected claims that the Federal Government is in a non-prosecution plea bargain agreement with former Central Bank Governor, Godwin Emefiele.