Background to the Conference Held 16-17th September 2013 in Abuja Nigeria For too long, governments and businesses in Nigeria relied on cash to pay employees, make or receive payments, and fulfil other financial obligations. As a result, the economy was slowed by the negative side effects of needing cash on […]
Tag: Central Bank of Nigeria
CBN Reports 85.9% Forex Inflow for July 2013
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Thursday reported an 85.9 percent (85.9%) foreign exchange (forex) inflow in July 2013. Economic report for July 2013 by the CBN said forex inflow and outflow through the apex bank in July 2013 were US$5.78 billion and US$4.89 billion, […]
Nigerian Banks Credit to Domestic Economy Rose by 3.95% in July
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Nigerian Banks credits granted to the domestic economy rose by 3.95 percent (3.95%) available data from the Central Bank of Nigeria’s (CBN’s) economic report for July 2013 said. According to the CBN’s report, at N11, 944.23 billion, banks credit to the domestic economy rose […]
