* Governor Sanusi to leave central bank in 10 months * National elections in 2015 may hurt naira (Adds comments from deputy central bank governor) Nigeria’s central bank will resist pressure to devalue the naira since it retains ample funds to defend the currency, a central bank spokesman said, and […]
Tag: Central Bank
Brazil central bank launches $60 billion currency intervention
Brazil’s central bank announced a currency-intervention program on Thursday that will provide $60 billion (38 billion pounds) worth of cash and insurance to the foreign-exchange market by year-end, a move aimed at bolstering the country’s currency, the real, as it slips to near five-year lows against the dollar. The bank […]
CBN, stakeholders meet on cash-less policy
The Central Bank of Nigeria has advised banks and Bureau de Change operators on the need to sensitise their customers to the cash-less policy. According to the News Agency of Nigeria, a Deputy Governor in CBN, Mr. Tunde Lemo, told the audience at a stakeholders meeting recently to update their […]
