The monetary tightening policy of the Central Bank of Nigeria is beginning to yield results as the country’s inflation experiences a sharp decline. Figures released by the National Bureau of Statistics on Wednesday in Abuja showed that the country’s inflation dropped to 8.6 per cent in March from 9.5 per […]
Tag: Central Bank of Nigeria
Naira Strengthens as Central Bank Sells Most Dollars in 9 Months
The naira reached the highest in more than five weeks after the Central Bank of Nigeria sold the most dollars in nine months at auctions this week. The currency of Africa’s biggest crude producer gained for the first time this week, adding 0.2 percent to 157.40 per dollar by 3:06 […]
CBN, SEC, Others, Lament Resurgence of “Wonder Banks”
The Central Bank of Nigeria (CBN), the Securities & Exchange Commission (SEC), the Economic & Financial Crimes Commission (EFCC), under the Inter-Agency Committee on Illegal Fund Managers/’Wonder Banks’ have once more alerted the public on the resurgence of the operators. According to a statement, the committee, whose members also include […]
