$60bn Forex Cash Kept Naira Stable For 29 Months - Emefiele   The $60bn inflow from the Investors’ and Exporters’ Foreign Exchange (I&E Forex) Window has been identified by Central Bank of Nigeria (CBN) Governor Godwin Emefiele as one of the policies that sustained the stability...

Exporter, Importer Forex Window Records $55bn Deals, Says Emefiele   The Exporter and Importer Forex Window introduced by the Central Bank of Nigeria has recorded $55bn deals since its inception. The Central Bank Governor, Godwin Emefiele, disclosed this in a presentation on the topic, ‘The role of...

CBN Okays N19bn For Nine Cotton Plants’ Revival     The Central Bank of Nigeria has approved a fresh loan of N19.18bn to nine cotton producing firms with a view to retooling their processing plants. The apex bank has also set aside the sum of N500m to recycle...

Nigeria loses $17bn Yearly To Illicit Financial Flows   CBN Governor, Godwin Emefiele Transparency International (TI) and Civil Society Legal Advocacy Centre (CISLAC) have said that Nigeria is losing an estimated $17bn annually to illicit financial flows due to the federal government’s failure to honour its...

Emefiele Rules Out Interest Rate Cut This Year Over Inflation   With three more months to wrap up the year, leaving one more rate meetings and inflation rate at 11.02 per cent, there appears a near impossibility for the nation’s rate-setters to slash the current Monetary...

Only 25% Tariff Increase Will Discourage Milk Importation, Experts Say   Importation of dairy products into the country could be discouraged or highly reduced if the Federal Government increases the import tariff on them by 25 percent, local dairy producers have said. he Central Bank of Nigeria...