…shifts capital adequacy compliance date for banks The new flexible exchange rate policy will be released today, the Acting Director, Corporate Communications of the Central of Bank of Nigeria, Mr. Isaac Okoroafor, has said. The CBN’ Monetary Policy Committee had on May 24 risen from its...

Nigeria’s external reserves fell by 2.65 per cent to $26.42bn on May 27, the Central Bank of Nigeria statistics has shown. The reserves stood at $27.15bn a month ago. The foreign exchange reserves have dropped by over 10 per cent from last year when they were...

The Central Bank of Nigeria’s Monetary Policy Committee will likely review the naira exchange rate regime by adopting a more flexible and market-determined rate as economic recession looms over the country, it has been learnt. Vice President Yemi Osinbajo had a few weeks ago said...