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CBN asks importers to trade with yuan instead of dollar 

Do you support the move by Central Bank to restrict forex on milk importation?

Personally, I am in support of the plan by Central Bank to stop milk importation but I feel it is too early to ban the importation. We should rather delay it to...

Malawi's tea output up 6 percent in 2017

Malawi’s tea output up 6 percent in 2017

Production of tea, Malawi’s second largest export commodity after tobacco, rose 6 percent to 45.6 million kilograms in 2017 from 43 million kilograms registered in the...

Iraq to increase crude production output

Oil output cuts, electric car influx could hit Russian economy- Central bank

Russia’s oil-dependent economy could be hit in 2018 by cuts in crude production as part of the OPEC-led supply pact, with further economic pain after the mid-2020s,...

South Sudan boosts oil output by 70,000 bpd

Libyan oil revenues up sharply in 2017, budget deficit halved

Libya earned $14 billion in oil revenues in 2017, nearly three times more than in the previous year, allowing it to halve its budget deficit, the Central Bank said, amid...

CBN

Naira traded at 400 for investors, traders discuss rates

The Nigerian naira traded at about 400 to the dollar in deals for investors on Monday, traders said, two weeks after the central bank allowed investor trade in the...

cbn-governor-godwin-emefiele

Nigeria weakens naira for investors but may struggle to draw inflows, analysts say

Nigeria has weakened the naira for investors but it may still struggle to attract dollars unless it scraps its system or multiple exchange rates, analysts said, doubting...

CBN

Nigeria cenbank says will enable foreign investors to repatriate dividends

Nigeria’s central bank will soon resume selling large volumes of dollars on the spot market and make the U.S. currency available to foreign investors at an...

CBN

Credit default remain a risk in 2017: Nigerian central bank

Credit default by Nigerian borrowers is a major economic risk this year after bad loans soared to their highest level in over six years as a recession weighs on...

CBN

Nigeria central bank to sell dollars to fuel importers, airlines

Nigeria’s central bank said on Tuesday it will offer dollar forwards to be delivered within two months to offset a backlog of matured foreign exchange obligations...

naira-dollar

Nigeria naira at six-month high on black market, traders say

The Nigerian naira gained 1.1 percent to a six-month high of 430 per dollar on the black market on Wednesday, traders said. The central bank has been intervening on the...

cbn-governor-godwin-emefiele

Nigeria central bank keeps rates on hold, sees naira rate improving

Nigeria’s central bank kept the main interest rate at 14 percent as expected on Tuesday and pledged to close the gap between the official and black market exchange...