Culled—Proshare April 26, 2017/CBN The Central Bank of Nigeria (CBN) on Tuesday, April 25, 2017, commenced interventions in the new Investors’ & Exporters’ FX Window with the sale of $25million to customers through authorized dealers. This was disclosed by the Bank’s spokesman, Isaac Okorafor, who reiterated that the window was […]
Money Market
Update: CBN Confirms 72 Licenced Finance Houses in Nigeria as at April 24, 2017
By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Monday gave an update and announced that 72 finance houses are licensed as at April 24, 2017. Click here to download full list
Ample Scope to Boost Remittances
Culled—Proshare April 25, 2017/ FBNQuest Research In 2016 Nigeria was the sixth largest beneficiary of migrant remittances among developing countries. The total according to the World Bank declined by 2.4% to US$429bn, and Nigeria’s inflows by 7.3% to US$19bn. These inflows represented an estimated 4.6% of GDP, making Nigeria much […]
