By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria recorded Foreign Exchange (FOREX) inflow of US$3.34 billion through the Central Bank in the Month of July 2012. This is contained in the Economic Report for the Month of July 2012 by the CBN. Similarly, the country recorded an outflow of US$2.93 billion in […]
Tag: Central Bank of Nigeria
Pro-Growth Banking: Why Nigerian Banks must rethink their Business Strategy
By Victor Ogiemwonyi v.ogiemwonyi@partnershipplc.com ” the financial system is more than just institutions that facilitate payments and extend credit. It encompasses all functions that direct real resources to ultimate users…… It is the central nervous system of a market economy”- Sanusi Lamido Sanusi. The above quote from the Governor of […]
External reserves reach 29-month high at $41.167bn
Nigeria’s external reserves hit a 29-month high on September 10 and closed at $41.167bn after recording $39.85bn on September 7. Data obtained from the Central Bank of Nigeria’s website on Wednesday showed that the foreign exchange reserves, which had been on the rise for over a month, increased by 12.74 […]
