January 17, 2016/Punch The stoppage of foreign exchange sale to Bureau De Change operators has failed to prevent massive decline of the nation’s foreign reserves, which dropped by $108m three days after the move by the Central Bank of Nigeria. The rate at which the reserves fell in the three […]
Tag: Punch
Customers can now transfer foreign currency — Banks
January 17, 2016/Punch Deposit Money Banks in the country are now allowing customers to transfer foreign currency cash deposits made into their domiciliary accounts. The announcement from the banks started coming in four days after the Central Bank of Nigeria lifted the ban on foreign currency deposits. The CBN had […]
Four banks raise N232bn from international market
Four Nigerian banks raised $1.45bn (N232bn) from the International Capital Market between January 2011 and July 2013, the Debt Management Office has said. The Director-General of DMO, Dr. Abraham Nwankwo, disclosed this in a presentation made at a one-day retreat for correspondents in Kaduna on Friday. He said 20 companies […]
