When Winston Peters talks about the exchange rate two things tend to be emphasised: the average level of the exchange rate (too high – relative to some benchmark presumably based something like on tradables sector performance or external indebtedness), and the volatility of the exchange rate (too volatile). 1,513 more words
Tags » Exchange Rate
The Central Bank of Nigeria (CBN) has injected $195 million into the inter-bank of the foreign exchange (forex) market.
This comes on the back of the apex bank’s monetary policy aimed at uplifting the naira exchange rate. 181 more words
The Chief Executive Officer (CEO) of Erisco Foods Limited, Chief Eric Umeofia on Wednesday insisted that the Central Bank of Nigeria (CBN) and other agencies of the government are continuously frustrating the efforts of indigenous manufacturers. 313 more words
In continued efforts to sustain forex liquidity in the country, the Central Bank of Nigeria (CBN) has intervened in the inter-bank foreign exchange market with $195 million. 200 more words
As an office-slave it couldn’t get any better than knowing ‘it’s ready for collection.’ (’twas the highlight of my day) I’ve never been fond of the idea of getting my banknotes through the post, whether it be delivered home or to my workplace, I’m just an old fashioned insecure child from the 90’s. 24 more words