The Central Bank of Nigeria on Monday stopped the sale of foreign exchange to all the 2,786 licensed Bureau De Change Operators across the country. The ban was announced by the CBN Governor, Mr. Godwin Emefiele, at a special media briefing held at the bank’s headquarters in Abuja just as the naira traded at 285 […]
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The Serving Overseer of the Latter Rain Assembly, Pastor Tunde Bakare, has urged President Muhammadu Buhari to immediately sack the Governor of the Central Bank of Nigeria, Godwin Emefiele, and probe him. Bakare, who was Buhari’s running mate in the 2011 presidential election, said this while delivering his State of the Nation address, titled, ‘Roadmap […]
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The news has been awash of the visit of the Managing Director of the International Monetary Fund, Christine Lagarde, to Nigeria on a working visit to Africa but dedicating a whole four days to Nigeria. Not surprising, she did us the “honour” of having to touch down on our soil first. Trust the ludicrousness of […]
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The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele has said that the bank would introduce additional to rescue Naira from further decline as one of the several measures aimed to boosting the nation’s economy and stabilise the Naira which is at present N199.05 against the US dollar. Nigeria the largest economy in Africa and […]
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The Central Bank of Nigeria (CBN) is expected to shut the official foreign exchange (forex) window for the year by Wednesday and pump $90 million into the parallel market, it was learnt yesterday. This week’s parallel market intervention is expected to curb prevailing naira volatility in the market. The naira last week exchanged at N280 […]
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Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele says the apex bank is evolving additional measures to boost the nation’s economy and stabilise the naira. Emefiele made the remark at an Interactive Session with Media Editors in Abuja. He declined to give details of the measures and modalities for their implementation “Don’t ask […]
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