By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Thursday reported an 85.9 percent (85.9%) foreign exchange (forex) inflow in July 2013. Economic report for July 2013 by the CBN said forex inflow and outflow through the apex bank in July 2013 were US$5.78 billion and US$4.89 billion, […]
World News
Nigerian Banks Credit to Domestic Economy Rose by 3.95% in July
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Nigerian Banks credits granted to the domestic economy rose by 3.95 percent (3.95%) available data from the Central Bank of Nigeria’s (CBN’s) economic report for July 2013 said. According to the CBN’s report, at N11, 944.23 billion, banks credit to the domestic economy rose […]
50% CRR: CBN exempts AMCON, BoI, others
Barely one month after the Central Bank of Nigeria ordered the Deposit Money Banks to keep 50 per cent of public sector funds with it, the apex bank has granted exemption to some government institutions, including the Asset Management Corporation of Nigeria and Bank of Industry. Others affected by the […]
