By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) has reported US$47.88 billion total external reserves in the first quarter of 2013. The CBN in its external sector statistics monitor Q1 2013 reported that the level of external reserves as at end-March, 2013 stood at US$47.88 billion compared […]
Author: InvestAdvocate
CBN Goes Tough as Dud Cheques Rise to N166 Billion
The Central Bank of Nigeria (CBN) has threatened to prosecute bank customers that are of the habit of issuing cheques against unfunded accounts. In fact, the apex bank expressed concern over the unfortunate development, saying that over 167,507 dud cheques, with total value of N166 billion were processed by Deposit […]
CBN offers $300m for sale at forex market
The Central Bank of Nigeria on Wednesday offered $300m for sale at the foreign exchange market, as part of its weekly move to intervene in the market. According to a circular dated July 10, 2013, a copy of which was posted on the apex bank’s website, authorised dealers were invited […]
