...Lawmakers demand sacking of Emefiele Members of the House of Representatives were angry as they ordered an investigation into the scarcity of foreign exchange in the country. The naira, which exchanged for N490 to the United States dollar last Thursday on the parallel market, was offered...

The scarcity of foreign exchange will remain challenging in the second half of 2016 due to low oil prices, which may push up credit risks for commercial banks as naira weakness makes loans harder to service, the Central Bank of Nigeria has said. In its...

The Central Bank of Nigeria will pursue price stability as an anchor for economic growth and attract foreign investors as the country battles economic recession and rising inflation, the CBN Governor, Mr. Godwin Emefiele, has said. “The central bank does not reckon that curbing inflation,...

The scarcity of foreign exchange bites harder, pushing the dollar to N465 at parallel market. Traders in Lagos and Abuja said that there were no forex to sell or buy in the market, with the situation creating acute scarcity. The pound sterling, also in high demand,...

The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has urged the financial and business correspondents to endeavor to report the Nigerian economy in positive light. He noted that financial journalists should be conscious of the fact that foreign investors form their perception about...

In a recent “chat” with members of the Newspaper Proprietors Association of Nigeria, on September 17, 2016, the Central Bank of Nigeria Governor, Godwin Emefiele, spoke extensively on the agency’s efforts to resolve current challenges to best practice monetary and fiscal management. Particularly salient...