The Association of Bureaux De Change Operators of Nigeria (ABCON) has reinforced its support for the Central Bank of Nigeria’s (CBN) financial stability and monetary policy functions. In a statement released yesterday, ABCON President, Alhaji (Dr) Aminu Gwadabe said the apex bank under Governor Godwin Emefiele has achieved financial stability and promoted monetary policy initiatives […]
*Boosts investors’ confidence in forex Motolani Oseni, Lagos The Nigerian Autonomous Foreign Exchange (NAFEX) widow has received not less than $3.373 billion in just three weeks, indicating high level of investors’ confidence in the nation’s foreign exchange market, investigation by The Daily Times has revealed. In view of this, many financial experts and dealers believe […]
Again, the Central Bank of Nigeria (CBN) has suspended its earlier directive on the implementation of cashless policy that went live at the beginning of the month in 30 states of the federation. This is even as the central bank said it would sanction banks denying Small and Medium Enterprises, (SMEs) access to foreign exchange […]