The naira declined against the United States dollar on the inter-bank market, reaching a two-month low and capping the worst week in 12, as foreign inflows and oil company foreign-exchange sales were said to be limited. The local currency retreated 0.3 per cent to N158.525 a dollar, the lowest closing […]
Tag: Sanusi Lamido
CBN, Stakeholders Reject Amendment To Exclude CBN Governor, Directors From CBN Board
The Central Bank of Nigeria (CBN) and some Stakeholders in Abuja on Monday, rejected a bill to amend the CBN Act to exclude the Governor, Deputies and Executive Directors from the board of the apex bank. The bill seeks to remove the CBN Governor as Chairman of the Board of the […]
Inflow of short-term investments worries CBN
The Central Bank of Nigeria on Tuesday expressed worries over large inflow of “hot money†or short-term investments into the economy, saying that the development, if not monitored, could negatively affect some of the positive impact of its monetary policy. Addressing journalists at the bank’s headquarters in Abuja shortly after […]
