The CBN Acting Director of Corporate Communications Department, Isaac Okorafor, said that the latest moves were part of the bank’s pledge and determination to increase liquidity in the foreign exchange market.
Industrialists seek tax review on pharm products
Meanwhile, renowned economist, Opeyemi Agbaje, has said Nigeria can attain between two to four per cent of growth in 2017 with the policy documents that has always been the missing link.
AMCON, helicopters firm in talks over debt payment
AMCON, which sealed the company a fortnight ago, said essence of the action was to draw attention of the management, which OAS is currently doing to resolve the issues.
Payment system bill and issues of duplication
Records as at December 2016 showed that Nigeria’s economy has over N20 trillion in circulation and there is the possibility of another substantial percentage in the informal sector not captured in the estimate.
CIBN declares support for TSA, urges efficiency
The President of CIBN, Prof. Segun Ajibola, who made the observations at TSA retreat in Abuja, said the institute is aligned to the spirit and letter of the initiative.
NAGAFF advises CBN to introduce more interventions to strengthen naira
The National Association of Government Approved Freight Forwarders (NAGAFF) on Monday advised the Central Bank of Nigeria (CBN) to introduce more interventions that would further strengthen the naira.
CBN boosts financial market, sells $230 million to 16 banks
Sixteen banks shared in the $230 million foreign exchange (forex) mart by the Central Bank of Nigeria through the forward contract agreement.
Zenith Bank, AIICO, others lift NSE’s turnover by N9.7b
Heavy transactions in the shares of some banks and insurance companies, last week, lifted the volume of shares traded, as a turnover of 765.656 million shares worth N9.717 billion...
Forex intervention: CBN disburses $221.37m for BTA, school fees, others
It said that the move was to enable the banks meet demand for Basic Transport Allowance (BTA), school fees and medicals by customers and to ease the stress of genuine customers in obtaining foreign currencies.