Dollar: Former statistician-general Yale faults CBN’s demand control moves
Former Nigerian statistician-general Yemi Kale has faulted the Central Bank of Nigeria's (CBN) approach to stabilizing the naira by moderating dollar demand.
Mr Kale said...
Shell, Dangote supplies push Nigeria closer to home-made fuel
Nigeria has moved closer to restarting fuel refining and production at home, potentially shutting a major drain of its foreign exchange that has nearly...
CBN offers investors more returns on short-term debt to attract dollars
The Central Bank of Nigeria significantly raised interest rates on short-term debt offerings on Wednesday, according to data from Bloomberg.
This move aims to:
Reduce...
Cost-of-living crisis: Civil servants slam Tinubu’s govt over delayed salary
Civil servants have accused President Bola Tinubu-led administration of being insensitive to workers’ plights over the failure of the government to pay their salaries...
Why seizing dollars in domiciliary accounts would harm Nigeria
The Central Bank of Nigeria on Saturday denied a report that the federal government was considering seizing foreign exchange deposits in Nigerians’ domiciliary accounts,...