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Tag "Dollars"

Gumi: Once Obasanjo decides, it is our duty to follow

    Gumi: Once Obasanjo decides, it is our duty to follow

In this interview journalists, Ahmad Gumi, one of the clerics who accompanied former Vice-President Atiku Abubakar during the reconciliation with former President Olusegun Obasanjo, says there is nothing controversial about

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Controversy over video of Ganduje ‘collecting dollars’ from contractors

    Controversy over video of Ganduje ‘collecting dollars’ from contractors

A video of Abdullahi Ganduje, governor of Kano state, allegedly receiving kickback from contractors is currently trending on social media. The video published by Daily Nigerian, an online newspaper, showed the

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Sterling dragged back into the spotlight

    Sterling dragged back into the spotlight

The potential threat of complications and confrontations during Brexit negotiations could rekindle hard Brexit fears and expose Sterling to downside risks this quarter. Some difficulties have already materialized in the

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After pumping $768m into market, CBN promises more

    After pumping $768m into market, CBN promises more

After pumping a total of $768 million into the forex market in one week, the Central Bank Nigeria (CBN) has promised to continue making foreign exchange supply available in the

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CBN activates new rate by pumping $185m into FX market

  CBN activates new rate by pumping $185m into FX market

The Central Bank of Nigeria (CBN) has activated the new foreign exchange rate for invisibles by pumping a total of

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FG proposes 2-year jail term for Nigerians hoarding dollars

  FG proposes 2-year jail term for Nigerians hoarding dollars

The federal government is seeking to jail and fine people who hold dollars in cash for more than 30 days.

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Naira strengthens against dollar at interbank market

  Naira strengthens against dollar at interbank market

The naira on Friday appreciated against the dollar at the interbank market, after sustaining losses for two days. The Nigerian

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Central bank policy meetings in focus  

  Central bank policy meetings in focus  

A strong feeling of anxiety engulfed the financial markets on Wednesday as investors awaited the heavily anticipated Fed and BoJ

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EXTRA: Professor says Nigeria can develop ‘solar eclipse tourism’ to earn FX

  EXTRA: Professor says Nigeria can develop ‘solar eclipse tourism’ to earn FX

Now that oil revenue is dwindling and forex inflow has dropped dramatically, putting the Nigerian economy in jeopardy, a professor

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CBN mandates banks to allocate 60% forex sale to manufacturers

  CBN mandates banks to allocate 60% forex sale to manufacturers

The Central Bank of Nigeria (CBN) says all forex dealers – most of whom are deposit money banks –should begin

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