Forex: Finall, CBN slashes BDC rate of US Dollar to N360
Forex: CBN slashes BDC rate to N360
…$100m offer fully subscribed
Barely 24 hours after its directive to Deposit Money Banks (DMBs) in the country to...
BDCs reluctant to buy dollars as CBN pegs FX rate at N360/$
The Central Bank of Nigeria, CBN has directed banks to sell dollars for invisible transactions such as personal travel allowance, business travel allowance, school...
External debt servicing gulps $1.62bn in five years
Amid attempts by the country to borrow more from external sources, Nigeria has in the past five years spent $1.62bn to service its external...
2016 Budget: Capital Releases to MDAs hit N1trillion
Capital releases to Federal Ministries, Departments and Agencies (MDAs) for the 2016 budget, have reached a record N1 trillion, the highest ever budgetary releases...
Naira Now N380 Dollar, Pound N450 in Black-Market
Naira Now 380 Dollar, Pound N450 in BlackMarket
The values of foreign currencies have continued to diminish against the Naira as the Nigerian currency was...
FEC okays N102.08billion, $1.79b for roads, rail, other projects
The Federal Executive Council (FEC) yesterday approved N102.077 billion and $1.79 billion for roads projects across the country and rail project in the Federal...
N’Assembly approves $500m Eurobond for FG
Both chambers of the National Assembly on Wednesday approved the request by President Muhammadu Buhari for a $500m Eurobond.
Vice President Yemi Osinbajo had made...
External Reserves Drop for First Time Since December
The nation’s foreign exchange reserves, which had increased significantly in recent months to hit the $30bn mark, fell for the first time this year.
Latest...
Monetary Policy Rate Remains unchanged at 14%
….Also all other Parameters
Again for the past five months the Monetary Policy Committee(MPC) of the Central Bank of Nigeria has left the Monetary Policy...
DMO: Governments Owe Foreign Creditors $11.41bn
The Federal Government, the 36 state governments, and the Federal Capital Territory Administration currently owe foreign creditors a total of $11.41bn, the Debt Management...
States Demand $6.9b Paris Club Refund
States are demanding about $6.9billion Paris Club loan deductions from the Federal Government.
The government has raised a verification and reconciliation team on the claims...
Adeosun Clarifies Paris Club Refunds
The Minister of Finance has deemed it necessary to address the issue of Paris Club Refunds and wishes to assure the public that the...
Monetary, fiscal authorities agree on harmonisation of policies
Desirous of sustainable monetary and fiscal collaboration in efforts to pull the economy out of the current crisis, the leadership of the Central Bank...
CBN releases forex to fuel importers
The Central Bank of Nigeria has released foreign exchange to oil marketers to enable them to import petroleum products into Nigeria.
According to the Nigerian...
Buhari Directs CBN to release N500b Paris Club cash
President Muhammadu Buhari directed Minister of Finance Mrs. Kemi Adeosun and Central Bank of Nigeria (CBN) Governor Godwin Emefiele to quickly facilitate the payment...
FG to Raise $1b from Asset
The National Economic Council (NEC) has approved the proposed Nigeria Voluntary Asset and Income Declaration Scheme (VAIDS), which will take off on May 1.
It...
External Reserves Gain $58m In 11-days – CBN
The Central Bank of Nigeria (CBN) has said external reserves gained $58 million to $30.23 billion as at March 14, 2017. The latest data...
FG to Raise Additional N43b Debt from Treasury Bills
The Federal Government’s debt strategy is now in full swing, as additional debt of N43.2 billion would be raised through the Treasury Bills (T-Bills)...
Naira depreciates to N458/$ in parallel market
The naira yesterday depreciated to N458 per dollar in the parallel market due to uncertainty over dollar sales to bureaux de change (BDCs) by...
Again, CBN Boosts FOREX Supply with $195m
Forex: As anticipated last weekend, the Central Bank of Nigeria (CBN) on Tuesday, March 14, 2017, sustained the supply of foreign exchange to the...
