The Central Bank of Nigeria (CBN), has released guidelines for the operationa-lisation of its R200 policy. Recalls that the apex bank recently initiated the RT200 policy in an effort to reduce exposure to volatile sources of foreign exchange and to…
By Seun Ibiyemi Fidelity Bank Plc has said it is committed to actively supporting the Central Bank of Nigeria’s (CBN) efforts to achieve its goal of $200billion in Foreign Exchange (FX) repatriation from non-oil exports over the next five years.…
Some experts on Tuesday said the Central Bank of Nigeria (CBN) must take proactive steps to make its RT200 FX programme achieve the desired results. The experts made the suggestions in separate interviews in Lagos. Akpan Ekpo, a professor of…
By Seun Ibiyemi Nigeria’s foreign trade balance leapfrogged to a surplus of $1.1 billion in Q4 2021, as export value surpassed import bill for the first time since Q3 2019, representing 8 consecutive quarters of negative trade balance. This is…
The Central Bank of Nigeria (CBN), last week said that the introduction of eNaira in the financial system is to, among others, improve the effectiveness of monetary policy in managing inflation as well as in driving economic growth in the…
The Central Bank of Nigeria on Thursday kicked against plans by the Senate to enact new anti-money laundering laws without required amendments on the existing Money Laundering (Prevention) Act 2011. The CBN Governor, Godwin Emefiele, made the position known during…
By Ariemu Ogaga and Uthman Salami Experts have said that the Nigerian Economy will suffer dislocations if the Central Bank of Nigeria (CBN) moves forward with its proposed plans of stopping the sales of foreign exchange to Commercial Banks. The…
The Central Bank of Nigeria has appointed New York-based Sustainability, Digital, Energy and Infrastructure Investor, Kemi Christina Abdul to serve on the board of directors of its infrastructure and industrial vehicle, InfraCorp. She announced this via her LinkedIn handle, while…
The Flour Milling Association of Nigeria (FMAN) on Tuesday says it has provided support to 150,000 farmers to accelerate wheat cultivation across 15 states in the country. Dr. Aliyu Samaila, FMAN’s National Programme Manager, Wheat Development Project, stated this during…
…To stop sale of FX to Banks by December 2022 By Moses Adeniyi Amidst calls for diversification of the economy base by growing the non-oil sector in Nigeria, the Central Bank of Nigeria (CBN) has announced an initiative to stimulate…
