Tag: Dollar

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 […]

Dollar scarcity hits Nigerian banks

January 23, 2016/Punch Bank customers are now unable to withdraw dollars from their domiciliary accounts amid worsened scarcity of the currency in the financial services sector, Saturday PUNCH investigation has revealed. With the situation, business persons and individuals are complaining that they cannot get dollars from their banks to do […]