Tag: Forex
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Emefiele tasks rice millers save Forex, create employment
Mr Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN) has urged rice mills in the country to embrace CBN’s backward integration...
CBN Naira Defence Depletes Foreign Reserves by $3.17bn In Q1
Forex scarcity due to falling crude oil price forced the Central Bank of Nigeria to access the country’s foreign reserves to make forex available in the economy; FINANCIAL PUNCH reports that this gulped $3.17bn in the first quarter.
Breaking: CBN Governor finally Speaks on FOREX restrictions for Food Imports.
The Central Bank of Nigeria (CBN)governor, Mr. Gowin Emefiele, has finally responded to the President’s pronouncement on foreign exchange (FOREX) restriction for food importation, stating that more items will be banned to save FOREX.
Buhari Explains Why He Banned Forex for Food Importation
President Muhammadu Buhari has explained why he ordered the ban of forex for the sake of food importation.
CBN FOREX CONTROL: THE SATANIC VERSE FROM THE ECONOMIST
By Nnanke Harry WilleThe Central Bank of Nigeria’s (CBN’s) circular dated June 23, 2015 aimed at conserving our fast-depleting foreign reserves has been attracting...
