Nigeria defends FX policy
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
24 Nov 2020
Here are a few reasons to pick up a copy of The Guardian on Wednesday. Find these stories and much more when you grab a copy of The Guardian on Wednesday.
26 Jan 2021
Here are a few reasons to pick up a copy of The Guardian on Wednesday. Find these stories and much more when you grab a copy of The Guardian on Wednesday.
CBN directs banks to close accounts related to cryptocurrencies, Sanwo-Olu swears in 18 new Perm Sec
5 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.
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.
Latest
2 hours ago
President Yoon Suk-yeol is going all in on nuclear power, both at home and abroad, marking a shift from his predecessor's undecided approach.
2 hours ago
Police in Denmark have said a shooting in a Copenhagen shopping mall in which three people were killed does not appear terror-related. A 22-year-old, known to mental health services, was arrested soon after the incident.
2 hours ago
Fitch Ratings says it expects Nigeria’s economy to witness a 3.1 per cent growth this year, as it expects rising inflation, estimated at 17 per cent this year, may dampen the country’s economic growth.
1 day ago
Find these stories and much more when you grab a copy of The Guardian on Wednesday.
1 day ago
Former Lille and Nice boss will look to deliver Champions League success that proved elusive for Pochettino
1 day ago
As the social affairs, youth, family, seniors and equality minister of Schleswig-Holstein, Aminata Toure has pledged to fight for more diversity in politics. She's the first Black member of a German state government.