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The Central Bank of Nigeria has injected over $10.97bn, into the Forex Market between January and October this year, to defend the Nation’s currency, the Naira, against other major currencies, including the dollar.” (See Punch Newspaper report of November 18th 2018 titled “CBN Defended Naira with $11bn in 10 months”).
The Central Bank of Nigeria (CBN) Wednesday allayed worries over the fluctuation in external reserves, assuring Nigerians that with its current level at over $44 billion, there’s no cause for alarm.
The 30 days moving average of the Nigerian external reserves was down to a five – month low dropping to $46.37 billion, the lowest level since March this year.
The Presidency yesterday released the record of its economic performance since 2015, stating that the new forex (FX) window introduced by the Central Bank of Nigeria (CBN) in April, 2017, yielded an average of $1 billion turnover every week and $25 billion inflows in one year.
Domestic investors have continued to dominate trading on the equities market for three months in a row, as they traded N497.15 billion worth of shares for the first quarter, Q1, ended March 31, 2018.
It has also significantly surpassed the $40 billion target for 2018 announced by the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, last November, and is expected to inch up to $50 billion in the next few months.
Members of the Bankers’ Committee have agreed that banks in the country should stop charging commission on the sale of foreign exchange to customers, particularly those meant for Personal Travel Allowance, Business Travel Allowance, tuition and medical bills payment.
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.
Godwin Emefiele, Central Bank of Nigeria, CBN, governor, yesterday, disclosed that the nation’s external reserves have risen to $38.2 billion, the highest in 39 months.
Plummeting stock market indicators, sustained net capital outflows and poor doing business indicators all characterized our economy when I gave my speech last year.
Sokoto State chapter of the People Democratic Party (PDP) has said that it will not accept anything short of free, fair and credible polls in tomorrow’s supplementary poll in the state.
The People’s Democratic Party ( PDP ) has hailed the verdict of the Osun State Governorship election tribunal, which upheld the victory of its candidate, Senator Ademola Adeleke, describing the judgement as a victory for democracy and triumph of the will of the people.
A group, Bauchi Youth Awareness Ambassadors, has accused the Independent National Electoral Commission (INEC) of causing political confusion in the state due to the way it handled governorship election.
The National Association of Nigerian Students (NANS) has hailed the tribunal declaration of Sen. Ademola Adeleke as governor of Osun State, saying it is hope awakening.
The Osun State Governorship Election Petition Tribunal sitting in Abuja has ordered INEC to issue Certificate of Return as duly elected governor to Senator Ademola Adeleke, candidate of the Peoples Democratic Party in the 2018 election.
Disgraced former England international Adam Johnson is believed to have been released from prison after serving three years for child sex offences.
No fewer than 58 people have been killed in flash floods in the eastern Indonesian province of Papua.
President Muhammadu Buhari has declined assent to the Chartered Institute of Training and Development of Nigeria Bill and the Nigerian Aeronautic Research Rescue Bill.
The deposed leader of an IS-backed faction of Boko Haram has been detained by more radical elements who seized control of the group, the AFP has reported, quoting three different sources.
A total of 450 students on Thursday matriculated at Edo University, Iyamho, for the 2018/2019 academic session of the University.