Sunday, November 18, 2018

Tag "Christine Lagarde"

    Nigeria’s reserves fall by $92m in 24 hours

Nigeria’s reserves fall by $92m in 24 hours

It is a new year, but the same old story of falling reserves has refused to go away, with the Nigerian forex stock falling by $91,571,740 in 24 hours.The $91.6 million fall in Nigeria’s reserves is about the biggest decline since the Central Bank of Nigeria (CBN) implemented the use of bank verification number (BVN) in forex trading.According to the latest [...]

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    I’m not in Nigeria to negotiate IMF loan, says Lagarde

I’m not in Nigeria to negotiate IMF loan, says Lagarde

Christine Lagarde, managing director of International Monetary Fund (IMF), on Tuesday said her visit to Nigeria was not meant to negotiate loans but rather to promote fiscal discipline and favourable monetary policies.Lagarde said this while fielding questions from state house correspondents after a closed-door meeting with President Muhammadu Buhari.She said that she had an “excellent discussion’’ with Buhari on the [...]

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    PMB: Ministers will account for every govt kobo

PMB: Ministers will account for every govt kobo

President Muhammadu Buhari says under his watch, ministers will fully account for all funds that get into their coffers.Speaking on Tuesday when he Received Christine Lagarde, managing director of the International Monetary Fund (IMF), at the presidential villa  in Abuja, Buhari said his administration would look inwards to stop financial leakages and adopt global best practices in generating more revenue to mitigate [...]

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    Subsidy removal, naira devaluation… 5 things IMF boss, Lagarde, discussed with Buhari

Subsidy removal, naira devaluation… 5 things IMF boss, Lagarde, discussed with Buhari

Christine Lagarde, managing director of the International Monetary Fund (IMF), advised President Muhammadu Buhari and his team to be flexible with its monetary policy and let go of petroleum subsidies.At a meeting in Abuja on Tuesday, Lagarde said Nigeria would not need any programme and/or loan from the IMF to enhance its economy.Speaking at a press conference in Abuja, Lagarde, [...]

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Exchange Rates

November 16, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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