Recession: We’ll Employ Every Means To Bounce Back – CBN September 4, 2016 0 Godwin Emefiele The Central Bank of Nigeria (CBN) has vowed to employ every indispensable means whether conventional or otherwise, to ensure that the Nigerian economy flourishes. This is just as the apex bank stressed that its policies are appropriate to set […]

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Capital market stakeholders have bemoaned government economic policies, especially the recent decision by the Central Bank of Nigeria (CBN) to retain interest rate at 14 per cent, They said that the policy was disincentive to investment for both foreign and indigenous investors. They argued that when interest rate is low, speculators move their funds from […]

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A former governor of the Central Bank of Nigeria, Chukwuma Soludo, hit back Saturday after a senior Nigerian lawyer, Femi Falana, accused him of unlawfully “doling” $7 billion of Nigeria’s reserves to banks as loan. Mr. Falana said the amount was never recovered. The former CBN chief dismissed the allegation as “ignorant” and “blatant lies”, […]

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The Central Bank of Nigeria (CBN) Wednesday settled OTC FX futures contracts on the interbank market to the tune of $180 million. The FMDQ OTC Securities Exchange said the transaction settlement followed the maturity of the “third OTC Futures Contract Notional $180 million of naira/$ of September 28, 2016, settled today on the FMDQ OTC […]

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