Tag: Central Bank of Nigeria

CBN Orders Banks to Sell FOREX to BDCs

By InvestAdvocate New York (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) in its effort to stabilise the naira has authorised agent banks approved for international money transfer operators to sell foreign currency accruing from inward money remittances to licenced Bureau De Change operators. This is contained in a circular with reference […]

CBN Publishes Purchasing Managers Index Report- April 2016

2/5/2016/CBN 1.0 Introduction The Statistics Department, Central Bank of Nigeria conducts a monthly survey of purchasing and supply executives of manufacturing and non-manufacturing organizations in 13 locations in Nigeria: – two states in each of the six geo-political zones, and the FCT (Fig. 1). The survey result is used to […]

CBN pledges more interventions to create jobs, wealth

19/4/2016/CBN The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has again assured genuine investors in Nigeria of the Bank’s cooperation and intervention towards self-sufficiency in local production of essential goods and the economic diversification drive. Mr. Emefiele made the pledge during the facility tour of the […]