(This statement was made by Fitch Ratings on February 22, 2017) Lagos (INVESTADVOCATE)-Measures announced on 20 February by the Central Bank of Nigeria (CBN) may ease some of the severe foreign currency liquidity pressure faced by the country’s banks, Fitch Ratings says. The most important aspect of the CBN’s announcement […]
Money Market
Guidelines for the Operationalisation of the New CBN Policy on PTA and School Fees
February 21, 2017/CBN In continuation of the efforts to increase Foreign Exchange availability in the Nigerian Foreign Exchange Market, and the need to ease the difficulties encountered by Nigerians in obtaining funds for some invisible transactions, the Central Bank of Nigeria (CBN) has decided to introduce the following measures: Foreign […]
Naira hits 520/dollar, forex retailers examine CBN action
21/2/2017/Punch Oyetunji Abioye The naira tumbled to 520 against the United States dollar at the parallel market on Monday as scarcity of the greenback continued to keep the exchange rate in a free fall mode. The naira had closed at 516/dollar on Friday, after hitting 510/dollar and 507/dollar last Thursday […]
