14/10/2016/NAN The Central Bank of Nigeria has approved a Special Secondary Market Intervention Retail Sales for airlines operating in the country to enable them to access foreign exchange. The Deputy Director, Press and Public Affairs, Ministry of Transportation, Mr. James Odaudu, announced the plan in a statement in Abuja on […]

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 […]

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 […]