Abiru spoke after taking over from his predecessor, Timothy Oguntayo
Browsing: Central Bank of Nigeria
The commissioner said the 43,000 registered rice farmers would benefit from the loan scheme
The Federal Government in 2011 released N120 billion through the Central Bank of Nigeria to the aviation sector as intervention fund to rescue the sector from total collapse
Ikpeazu gave the assurance while rendering his one year stewardship in the state to the people of Abia Central Senatorial District as part of the ongoing town hall meetings in the state
With this, the apex bank in Nigeria has abolished the official foreign exchange rate that allowed the government to sell at lower prices than what obtains at the parallel market
The rise in the headline consumer price index, which measures inflation, accelerated by 1.9 points from its April year-on-year level of 13.7 per cent, the NBS said in an emailed statement
Vanguard learnt at the weekend that the DMBs, under the aegis of the Bankers Committee, have already approached the Central Bank of Nigeria to propose the limit
The Nigerian currency maintained same value since Wednesday
The directive was handed down to the management of the apex bank by the MPC during its meeting in Abuja at the CBN headquarters
There are indications that the official exchange rate will move to N250 to $1
Meanwhile the official Central Bank of Nigeria rate remained at N197 to the dollar
The airlines, NUATE said, premised the development on what they claimed is their inability to transfer their earnings to their respective home countries to meet operational costs in accordance with international rules
They were alleged to have got the discounted foreign exchange on the orders of Governor of the CBN, Godwin Emefiele
These facts were contained in a statement by the acting Director of Communications of the CBN, Isaac Okorafor
This was made known during an interactive session organised by the Joint National Assembly Committee on Appropriation with government officials
This week alone, the Naira has lost N60 to the dollar
Over the weekend, the nation’s currency closed at N335 to the dollar
It, however, maintained N197 to the dollar at the official Central Bank of Nigeria’s window
NAN reports that the naira had relatively remained stable in the past weeks
Speaking at an interactive meeting with Nigerians living in Kenya, President Buhari maintained that while export-driven economies could benefit from devaluation of their currencies, devaluation will only result in further inflation and hardship for the poor and middle classes in Nigeria’s import-dependent economy