The Central Bank of Nigeria (CBN) yesterday released guidelines for the operations of the foreign exchange market. The apex bank also created a designated account for authorised dealers. The account named, Authorised Dealers Retail Dutch Auction System (RDAS) Account was opened at the CBN with account number 1000011194. A statement […]
Tag: Central Bank Nigeria
Nigeria central bank acts to support naira, worried about govt spending
* Key interest rate held at 12 pct for 14th time * Cbank says committed to exchange rate stability * Sanusi concerned about falling oil savings, leakages * High spending ahead of elections next year a worry (Adds details, quote, background) Nigeria’s central bank lifted the cash reserve requirement […]
A word of Advice to President Jonathan over the Sanusi Lamido’s letter
Thursday, January 09, 2014 10.44 AM / By Olusegun Adeniyi, Thisday (former spokesman to President Umaru Yar’Adua) Being a reproduction of Olusegun Adeniyi’s article in Thisday originally titled Lamido Sanusi’s Letter, Jonathan’s Burden? Sometime early in November last year, I saw a copy of a letter said to have been […]
