Nigeria defends FX policy
By CNBC Africa
27 January 2017 |
3:59 pm
Following criticism for pegging the naira at an artificially strong rate to the dollar despite heavy inflationary pressure, the Central Bank of Nigeria has called those opposing the current foreign exchange framework, 'unpatriotic'.
Related
10 Feb 2021
Here are a few reasons to pick up a copy of The Guardian on Thursday. Find these stories and much more when you grab a copy of The Guardian on Thursday.
12 Feb 2021
Cryptocurrencies like Bitcoin and Ether were becoming increasingly popular in Nigeria. Some businesses and individuals are turning to it for cross-border payments and trades, thereby bypassing hurdles of scarce FX. As the prohibition on crypto accounts takes effect, GuardianTV explains what you should know about CBN's cryptocurrency bank account ban
17 Feb 2021
The Central Bank of Nigeria floated an OMO auction on Thursday with a total of 170 billion naira on offer. Constance Onyia, Fixed Income Dealer at Access Bank joins CNBC Africa for more.
26 Feb 2021
Here are a few reasons to pick up a copy of The Guardian on Saturday. Find these stories and much more when you grab a copy of The Guardian on Saturday.
26 Feb 2021
Vice President Yemi Osinbajo has disagreed with the Central Bank of Nigeria to ban Crypto-Currencies transactions in the country.
Osinbajo spoke at the CBN/Bankers Committee’s Initiative for Economic Growth in Lagos and called on the CBN and the Securities and Exchange Commission to put in place a robust framework for the regulation of Crypto-Currencies.
The CBN had ban Crypto-Currencies usage in Nigeria a few weeks ago.
4 Mar 2021
Analysis: CBN unveils rice pyramid in Kebbi
8 Mar 2021
CBN to build on successes recorded under anchor borrowers scheme
10 Mar 2021
Bayelsa empowerment: CBN clears the air on N3BN agric loan
19 Mar 2021
Here is why you should pick up a copy of The Guardian on Saturday. Here are some of the stories to look out for when you grab a copy of The Guardian on the newsstands on Saturday.
23 Mar 2021
House of reps summons CBN governor, army chief
16 Apr 2021
the Governor of the Central Bank of Nigeria, Godwin Emefiele, has also refuted recent allegations by Governor Godwin Obaseki, of monetary rascality by the Apex bank.
Latest
2 hours ago
We take a look at how the press is covering the earthquake in Turkey and Syria, and how, for some, the tragedy is both a natural disaster story but a political one as well. We also discuss controversies over the Grammy Awards and a trans Harry Potter video game character.
2 hours ago
As European countries struggle to reach their targets on reducing carbon emissions, one small landlocked country in central Asia stands as an example to the world. With nearly three quarters of its territory covered by woodland, Bhutan, with a population of around 780,000, claims to be a carbon-negative economy.
2 hours ago
Glaciers are increasingly threatened by climate change. The French Alps are home to more than 4,000 of these fascinating natural monuments, of which 80 to 90 percent are set to disappear by 2100 due to global warming.
5 hours ago
Aid, personnel and equipment is arriving from around the world following the devastating earthquakes that have killed over 2,000 people in Turkey and Syria.
5 hours ago
"Clan wars are what damage our communities the most," young men and women of the Muslim part of Mindanao tell DW. Conflict between families is driving intergenerational conflict and preventing girls from going to school.
8 hours ago
US oil company ExxonMobil recorded a net profit of $56 billion last year, beating its previous 2008 record. It benefitted from a surge in prices following the Russian invasion of Ukraine and a cost-cutting drive during the pandemic.