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FX
PENGASSAN has claimed that the non-availability of FX at the CBN rate to marketers is largely responsible for the increase of fuel scarcity.
Russia has warned that payments of its FX debt would be made in roubles if banks were unable to honour debts in the currency of issue due to sanctions.
The CBN has announced a programme that seeks to repatriate $200billion from non-oil exports over the next three to five years.
Deposit money banks have witnessed an increase in foreign exchange demand due to the central bank’s ban of...
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The Bankers Committee has assured Nigerians that the exchange rate will drop to around N423 to a dollar....
Nigerian banks have improved non-performing loans (NPLs) post-recession. However, our study shows certain sector NPLs have deteriorated.
The Monetary Policy Council (MPC) of the CBN met last week and decided to leave its Monetary Policy Rate (MPR) on hold.
The Central Bank of Nigeria (CBN) has been promoting pro-growth strategies recently, while letting market interest rates fall to a shade over the inflation rate.
Last week, President Muhammadu Buhari directed the Central Bank of Nigeria (CBN) to halt the sale of foreign exchange for food importation.
Members of the Senate while deliberating on activities of the National Hajj Commission (NAHCON) have suggested that a...
A couple of noteworthy events of economic or business relevance occurred during the 1st half of this year....