September 02, 2011 / You and the Economy Interview with Managing Director of Proshare, Olufemi AWOYEMI FCA     Que 1: On June 2nd, 2011 the Central Bank issued a statement announcing September 30, 2011 as the deadline for the recapitalization of the eight banks it had rescued in 2009 […]

Press Release September 5, 2011 The Central Bank of Nigeria (CBN) has finalized arrangements to diversify its external reserves holdings by including the Chinese Renminbi (RMB) to the existing currency mix of United States Dollars (USD), the Euro (EUR) and the British Pound Sterling (GBP). After due consultations with the […]

By Ademola Alawiye The Central Bank of Nigeria may penalise 21 deposit money banks for round tripping and other violations of foreign exchange transactions. A CBN source told our correspondent on Monday that many of the banks might have been involved in round tripping, which had led to a huge […]