ASHENEWS reports that the Central Bank of Nigeria (CBN), Governor, Olayemi Cardoso, has described his job as world’s second most difficult.
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According to him, even if the ₦aira recovers for three months, it could “still crash because the fundamental problem has not been fixed, which is improving production, to deepen the balance of trade and payment for Nigeria.”
Following recurrent free fall of Naira in the Foreign Exchange (Forex) market, the Federal Government has assured Nigerians that it will implement macroeconomic reforms to stabilize the market.
The Central Bank of Nigeria (CBN) has denied claims that it plans to convert domiciliary account holdings valued at 30 billion dollars into Naira.
The Central Bank of Nigeria (CBN) says it has released 500 million dollars to various sectors in its determination to address the backlog of verified foreign exchange transactions.
The Central Bank of Nigeria (CBN) says it has paid approximately two billion dollars in its bid to clear the backlog of outstanding foreign exchange liabilities across various sectors.
The Naira, on Monday, depreciated to N1,170 per dollar in the parallel market from N1,166 per dollar last week Friday.
The Norwegian Seafood Council (NSC) has reiterated its continuous support to the growth and expansion of stock fish trade in the country.
ASHENEWS reports that the Central Bank of Nigeria (CBN) says that the restriction placed on the importers of 43 items to purchase foreign exchange in the Nigerian FX market in 2015 has been lifted.
The Naira on Thursday exchanged at 445.83 to the dollar at the Investors and Exporters window, a depreciation of 0.12…