The Central Bank of Nigeria supplied a total of $7.05bn in foreign exchange in the second quarter of 2012, compared to $6.82bn offered in the first quarter, representing a decline of 3.37 per cent. The CBN, in a publication on Thursday, titled, “Developments in the external sector of the Nigerian […]
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CBN examines banks’ compliance with lending guidelines
The Central Bank of Nigeria has commenced a risk-based examination or management of loan portofios of Deposit Money Banks to check inherent risks in their operations, investigation has revealed. Our correspondent gathered from a reliable source on Tuesday that the test, which was ongoing, was scheduled to hold for six […]
Nigeria’s Central Bank Reports N1.012 trillion revenue in August 2012
By InvestAdvocate Lagos (INVESTADVOCATE)-Gross federally-collected revenue in August 2012 was estimated at N1,021.10 billion, showing an increase of 26.4 and 3.6 per cent above the monthly budget estimate and the preceding month’s level, respectively. At N749.11 billion, gross oil receipts exceeded both the monthly budget estimate and the preceding month’s […]
