August 19, 2016/CBN President Muhammadu Buhari on Thursday, August 18, 2016, declared open the 39th Ordinary Session of the Assembly of Governors of the Association of African Central Banks (AACB), even as he commended the Central Bank of Nigeria (CBN) for spearheading economic stimulus through its intervention programmes. The President […]
Money Market
Nigeria naira ends 5.2 pct higher after central bank dollar sale
August 19, 2016/Reuters Nigeria’s naira ended 5.2 percent higher at 308 per dollar on Friday after the central bank sold dollars to support the currency, traders said. The naira, which touched an all-time low of 365.25 on Thursday, closed at 324 per dollar in the previous session. The central bank […]
NEXIM Bank to help generate $5bn yearly with facilities for exporters
August 19, 2016/NEXIM Bank By Bashir Wali Pull quote: “The funds are expected to attract and incentivize new and additional investments to the non-oil export sectorand enhance their competitiveness.” The Nigerian Export-Import Bank (NEXIM Bank) recently launched two intervention products targeted at promoting the country’s non-oil exports. The funds are […]
