February 17, 2017/CBN The attention of the Central Bank of Nigeria (CBN) has been drawn to a media report suggesting that the Office of the Attorney General of the Federation and Minister of Justice has issued a query to the Central Bank of Nigeria (CBN) over issues relating to the […]
Money Market
AfDB approves new $28.2-million funding injection in Shelter Afrique
17/2/2017/AfDB African Development Bank supports the African housing sector through Shelter Afrique US $20-million loan approved, after a recent US $8.2-million equity injection Shareholders agree to pay up their share of capital commitments by the end of 2017 On February 1, 2017, the African Development Bank disbursed an equity investment […]
Naira crashes to 516 as dollar scarcity widens
17/2/2017/Punch Oyetunji Abioye The naira appears to have entered a free fall mode with the local currency selling for 516 per United States dollar on the streets of Lagos on Thursday. The naira plummeted at the parallel market from 510/dollar on Wednesday to 516/dollar on Thursday. Currency dealers on the […]
