Vincent Toritseju 28 July 2018, Sweetcrude, Lagos — The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA)…
Browsing: Central Bank of Nigeria
OpeOluwani Akintayo 30 June 2018, Sweetcrude, Lagos — The National Economic Council, NEC, has approved the annual report and accounts of…
Dankwambo, who chaired NEC ad hoc committee on remittances, said the infractions were identified by KPMG that was contracted to carry out a forensic audit of revenue remittances to the Federation Accounts.
“Data from CBN shows that from 2013 to 2017, total foreign exchange committed to imports in the country stood at 119.41 billion dollars, while total foreign exchange committed to imports in oil sector stood at 36.37 billion dollars.”
OpeOluwani Akintayo 03 May 2018, Sweetcrude, Lagos — Nigeria has entered into a currency-swap agreement worth $2.4 billion with China.…
Princewill Demian 25 April 2018, Sweetcrude, Abuja – The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, has…
“In order to continue our gains in local production and help boost non-oil exports, we are in the process of finalising the creation of a N500 billion fund with the Nigeria Export-Import Bank (NEXIM) to assist local manufacturers interested in non-oil exports.”
According to him, several transactions took place before and even after the period under review and therefore his committee should not be held responsible for not bring out most of these issues.
The MPC rose from its first meeting in 2018, retaining the benchmark interest rate at 14 per cent, the Cash Reserve Ratio (CRR) at 22.5 per cent and the liquidity ratio at 30 per cent.
Those confirmed are Mrs. Aisha Ahmad and Mr. Edward Lametek Adamu as deputy governors and Mr. Adeola Adenikinju, Mr. Aliyu Sanusi and Mr. Robert Asogwa as members of the Monetary Policy Committee (MPC).