Sunday, April 28, 2024
MARKET UPDATE
Advertisement Topt

TheCable

Advertisement lead

Tag "cbn"

Reps to investigate ‘use of dollar’ as legal tender in Nigeria

    Reps to investigate ‘use of dollar’ as legal tender in Nigeria

The house of representatives has asked the Central Bank of Nigeria (CBN) to address recurring depreciation of the naira against the dollar. The lower legislative chamber passed the resolution during

0 comment Read Full Article

‘Suppliers may not accept letters of credit’ — PwC says FX backlog to affect Nigeria’s import

    ‘Suppliers may not accept letters of credit’ — PwC says FX backlog to affect Nigeria’s import

The inability of the Central Bank of Nigeria (CBN) to meet foreign exchange (FX) obligations may result in a decline in imports, PwC Nigeria says in its bi-monthly economic outlook

0 comment Read Full Article

AON seeks dedicated FX support line, licence to import, distribute aviation fuel

    AON seeks dedicated FX support line, licence to import, distribute aviation fuel

Domestic aviation firms under the aegis of the Airline Operators of Nigeria (AON) say the federal government should allow them to procure the requisite licence for the importation and distribution

0 comment Read Full Article

CBN: Foreign reserves dropped to $33.23bn in Q3 2023 — lowest in 2 years

    CBN: Foreign reserves dropped to $33.23bn in Q3 2023 — lowest in 2 years

Nigeria’s foreign exchange reserves dropped to $33.23 billion at the end of the third quarter (Q3) of 2023, according to data obtained from the Central Bank of Nigeria (CBN). The

0 comment Read Full Article

‘FG will allow Nigerians trade freely’ — stakeholders hopeful about removal of crypto restrictions

  ‘FG will allow Nigerians trade freely’ — stakeholders hopeful about removal of crypto restrictions

Stakeholders in the blockchain industry have expressed optimism that President Bola Tinubu will lift the restriction placed on cryptocurrency trading

0 comment Read Full Article

Justice ministry: FG didn’t sign plea bargain agreement with Emefiele

  Justice ministry: FG didn’t sign plea bargain agreement with Emefiele

 The ministry of justice says the federal government and Godwin Emefiele, erstwhile governor of the Central Bank of Nigeria (CBN),

0 comment Read Full Article

Abdullahi Sule: CBN will use NNPC’s $3bn loan to stabilise naira — but Cardoso needs time to plan

  Abdullahi Sule: CBN will use NNPC’s $3bn loan to stabilise naira — but Cardoso needs time to plan

Abdullahi Sule, the governor of Nasarawa state, says the $3 billion loan announced by the National Petroleum Company (NNPC) Limited

0 comment Read Full Article

‘I’ll sue for N5bn’ — Erisco founder threatens legal action on consumer over product review

  ‘I’ll sue for N5bn’ — Erisco founder threatens legal action on consumer over product review

Eric Umeofia, founder of  Erisco Foods Limited, says he will take legal steps against Chioma Egodi, a consumer who gave

0 comment Read Full Article

‘We’ll regain trust’ — Cardoso says his team will succeed

  ‘We’ll regain trust’ — Cardoso says his team will succeed

Yemi Cardoso, substantive governor of Central Bank of Nigeria (CBN), says the leadership of the organisation will work to regain

0 comment Read Full Article

Senate confirms Cardoso as CBN governor

  Senate confirms Cardoso as CBN governor

The senate on Tuesday confirmed Olayemi Cardoso as the substantive governor of the Central Bank of Nigeria (CBN). The upper

0 comment Read Full Article
error: Content is protected from copying.