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The Bankers’ Committee says it has agreed to support Federal Government’s plan to conduct a focus-lab on three selected areas of the economy to accelerate investment and boost job creation.
Investors have injected $5.23 billion through the Investors and Exporters (I&E) foreign exchange (forex) window in four weeks while the Central Bank of Nigeria, CBN, has intervened in the forex market with $986 million since the beginning of the year.
Take time to study records of President Buhari’s achievement before criticising – Presidency tells...
The Presidency has appealed to former Speaker of the House of Representatives, Ghali Na’Abba, to take a second look at Muhammadu Buhari administration’s achievements since its inception on May 29, 2015.
The Central Bank of Nigeria (CBN) has injected another 210 million dollars into the inter-bank Foreign Exchange Market to meet customers’ requests in various segments.
As projected by the Governor of the Central Bank of Nigeria, Godwin Emefiele, at the Annual Bankers’ Dinner of the Chartered Institute of Bankers in Lagos last November, the nation’s External Reserves have hit a new level of $40.4 billion.
Oil marketers have said that the cost of petrol in the pricing template that is currently being reviewed will be determined by foreign exchange.
Inexplicably however, fuel price has not only almost doubled from N87 to N145/litre, but worse still, scarcity often remains untamed while government appears impervious to the related significant loss in productivity and the social pain induced by serious supply shortages.
The Nigerian National Petroleum Corporation on Wednesday said the allegation by the Depot and Petroleum Products Marketers Association on the fuel supply situation was untrue.
The Central Bank of Nigeria (CBN) has again intervened in the foreign exchange market as the external reserves of the country hit a three year high at $38.2 billion.
The naira has appreciated by 30.3 per cent since February when the Central Bank of Nigeria began its aggressive interventions at the foreign exchange market, the News Agency of Nigeria reports.
The Central Bank of Nigeria has continued its sustenance of FOREX liquidity by injecting another $195 million into the inter-bank Foreign Exchange Market, even as the Naira maintains its strength.