The Central Bank of Nigeria will spend N40.3bn to produce its new coins and naira notes, The PUNCH has learnt. Out of the amount, N11.8bn will be spent on the new N20, N10 and N5 coins. “The bank is spending over N40bn on the production of new coins and notes. […]
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CBN converts more dollar reserves into Chinese yuan
The Central Bank of Nigeria is converting more of the nation’s foreign reserves from the dollar into the Chinese renminbi or yuan. The Financial Times reported that in August, the central banks of Nigeria and Tanzania joined their counterparts from other continents in adding more renminbi to their reserves. The […]
Sovereign Wealth Fund should be invested locally – CIS President
The President of the Chartered Institute of Stockbrokers and Managing Director, Capital Assets Ltd., Mr. Ariyo Olushekun, says that the Sovereign Wealth Fund should be invested in the Nigerian economy. He spoke with Udeme Ekwere Different levels of instability has been recorded in the capital market and people believe the […]
