Worrisome Slide in the Value of Naira

Nigerians are worried over the depreciation in the value of the Naira with some critics urging the fiscal and monetary authorities to cut out the leakages and corruption in the system to save the currency …

CBN to Review Bank’s Forex Transactions

THE Central Bank of Nigeria is to review the amount banks can hold in dollars for transactions in the foreign exchange market. CBN had in December stopped banks from holding any amount of their shareholders’ funds in dollars to curb speculative forex dealings. Godwin Emefiele, governor of CBN, …