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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
Prior to his new appointment, Usman was the MD/Chief Executive Officer of Aso Savings and Loans Plc.
The implementation of the policy would disrupt over 80% supply chain of the business community.
The Naira depreciated marginally against the dollar at the I&E window on Thursday.
Buhari released 30,000 tons of maize from the national reserves to animal feed producers.
$50 million was sold to foreign investors on the spot and forward market.
The Naira remained stable against the dollar to close at N440/$1 on Wednesday.
The Naira appreciated against the dollar to close at N440/$1 on Tuesday.
Too much cash, low yields, nowhere to invest
With inflation rate at 12.8%, this is almost like paying banks to keep the money for you.
For most speculators who bought forex at less than N400/$1, they are pondering whether to sell
Payment Service Banks facilitates sending remittances across the country from one user to another, bypassing the banks.
Information gathered by Nairametrics reveals about 17 banks had their vaults debited by the apex bank in CRR sequesters.