The Central Bank of Nigeria (CBN) held its benchmark interest rate at 14 percent on Tuesday,…
Tag: CBN
CBN holds benchmark interest rate at 14 percent
The Central Bank of Nigeria (CBN) held its benchmark interest rate at 14 percent on Tuesday,…
MAN urges CBN to create single digit interest rate window
The Chairman, Manufacturers Association of Nigeria (MAN), Ogun Chapter, Wale Adegbite, on Monday urged the Central…
CBN lifts manufacturing, power with $660m forex disbursements
The Central Bank of Nigeria (CBN) has disbursed $660.17 million to 1,342 manufacturers, power and other…
Manufacturers lost N500bn to CBN’s forex policy, MAN
The Manufacturers Association of Nigeria (MAN) on Thursday said Central Bank of Nigeria’s flexible exchange rate…
DSS raids BDCs, arrests dealers selling above N400
Bureau de Change operators have been forced to fix sales of foreign currencies such as dollar,…
CBN grants manufacturers access to $660m
Manufacturing industries in Nigeria have been given access to foreign exchange valued at over $660million in…
We’re yet to receive FX concession from CBN – Foreign Airlines
The Association of Foreign Airlines’ Representatives in Nigeria on Wednesday said its members had yet to…
CBN to guarantee Letters of Credit for importers
In fulfilment of its pledge to fund forward sales under the new flexible foreign exchange…
Recession: Emirates, Kenya Airways suspend Abuja operations indefinitely
Emirates Airlines will suspend Abuja-Dubai operations beginning October 30, 2016. The decision is due to foreign exchange…
CBN approves special forex for Airlines, others
The Central Bank of Nigeria (CBN) on Friday approved a Special Secondary Market Intervention Retail Sales…
CBN’s 60% forex allocation to manufacturers a hoax, says MAN
The Manufacturers Association of Nigeria (MAN) on Wednesday described the Central Bank of Nigeria’s approval of…