Economic Report

Re-appointment of Emefiele excites BDC operators

The Association of Bureau De Change Operators of Nigeria (ABCON), on Friday said that the reappointment of Mr Godwin Emefiele as the CBN Governor for another term will sustain stability in the foreign exchange market. ABCON’s President, Alhaji Aminu Gwadabe said this while reacting to the re-appointment of Emefiele for another five -year term by […]

Business

Nigerians react to Skye Bank licence revocation

Financial experts and shareholders on Saturday expressed mixed reactions over the decision of the Central Bank of Nigeria (CBN) to revoke the licence of Skye Bank. The stakeholders expressed their views in separate interviews with the News Agency of Nigeria (NAN) in Lagos, while reacting to the revocation of the licence of Skye Bank by […]

Economic Report

CBN refused to float the Naira

Mr Isaac Okoroafor, the acting Director, Corporate Communications, Central Bank of Nigeria (CBN) says the apex bank resisted suggestions to float the Naira when the country was battling with economic recession. Okoroafor spoke at the Capital Chapter Congress/Dinner of the Nigerian Institute of Public Relations (NIPR), FCT chapter, on Wednesday in Abuja. Delivering a lecture […]