By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian local currency the naira on Wednesday closed at 211/$1 U.S dollar compared to N210 it traded on Tuesday at the parallel market (black market). Godwin Emefiele, governor of the Central Bank of Nigeria (CBN) has said the current $34 billion Nigeria’s external reserve is adequate […]
Money Market
$34 Billion Nigeria External Reserve, Adequate for FOREX Demands-Emefiele
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Godwin Emefiele, governor of the Central Bank of Nigeria (CBN) has said the current $34 billion Nigeria’s external reserve is adequate to meet all legitimate foreign exchange demands. Emefiele made this disclosure on Tuesday at a breakfast meeting with captains of industry and critical stakeholders […]
AMCON transfers Enterprise, Mainstreet banks to new owners
The Asset Management Corporation of Nigeria has transferred the ownership of Mainstreet Bank Limited and Enterprise Bank Limited to their new owners, Skye Bank Plc and Heritage Bank Limited, respectively. At the divestment ceremony held in Lagos on Tuesday, Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, warned […]
