14/10/2016/Reuters By Oludare Mayowa and Chijioke Ohuocha Nigeria’s central bank will sell two-month dollar forwards at an auction on Friday to clear a backlog of demand from airlines, manufacturers and other companies, traders and the ministry of transport said, as the country’s currency crisis deepens. Dollar shortages have caused many […]
Money Market
Nigeria central bank on edge as 500-per-dollar looms on naira black market
October 13, 2016/Reuters By Ulf Laessing and Karin Strohecker Oct 13 When around 100 Nigerian youths staged a protest calling on Central Bank Governor Godwin Emefiele to resign over the slide in the naira, bank officials were keen to play it down. A central bank spokesman denied that there had […]
FirstBank Now the Sole FX Dealer to BDCs
October 13, 2016/First Bank of Nigeria Ltd The Central Bank of Nigeria (CBN) has announced First Bank of Nigeria Limited the sole authorised dealer for foreign exchange proceedsto licencedBureau de Change (BDC) operators in Nigeria. The announcement is coming on the heels of the Bank’s strengthened money transfer services as […]
