The Central Bank of Nigeria is reviewing some of the revoked licences of 236 Bureaux de Change operators with a view to ensuring that all complaints by affected companies are properly addressed. The CBN had in January this year revoked licences of 236 BDCs. But the Director, Other Financial Institutions […]
World News
ECB “looking carefully” at forward guidance: report
The European Central Bank is looking carefully at forward guidance but it is too early to say whether it will be used more extensively, executive member of the ECB’s executive board Benoît CÅ“uré told The Times. The method used by the U.S. Federal Reserve and being considered by Britain’s incoming […]
Nigeria forex reserves fall to lowest in 3-months
Nigeria’s foreign exchange reserves fell 0.16 percent month-on-month to $48.33 billion by June 24, the lowest level in more than three months, data from central bank showed on Wednesday. The reserves, however, were up 30.86 percent year-on-year, compared with $36.93 billion the same time last year. Nigeria’s central bank had […]
