Tag: Central Bank of Nigeria

CBN Retains 11% Interest, FOREX Rate Unchanged

Click here to download CBN Communiqué No. 105 of the MPC Meeting of Monday and Tuesday, January 2 5 and 26, 2016 By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) at the end of Tuesday’s Monetary Policy Committee (MPC) meeting retained Nigeria’s benchmark interest rate at 11 […]

Opinion: Emefiele: Between a Rock and a Hard Place

   January 25, 2016/The Will   I read with absolute interest Simon Kolawole’s article, The Parable of Dollars and Dullards, published on January 17, 2015. I read the article at least five times. If I had any hope that the exchange rate crisis was going to be over soon, I […]

CBN Says to Refund Mandatory Caution Deposit of N35 Million to BDCs

By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Friday said it would refund N35 million of Mandatory Caution Deposit to all Bureau De Change operators. “All eligible BDCs may wish to apply for refund of their caution deposits, attaching evidence of payment and bank transfer details,” the CBN […]