The Manufacturers Association of Nigeria (MAN) is concerned about the interest rate in Nigeria. The president of the association, Dr Frank Jacobs Udemba, who disclosed this at the MAN annual media luncheon in Lagos, noted that one of its major focus for the year 2017 is advocacy for a
In order to clear the backlog of dollar obligations that businesses owe, the Central Bank of Nigeria (CBN) has asked Deposit Money Banks (DMBs) to bid in a special currency auction, forex traders disclosed. In view of this development, commercial banks are expected to submit backlog of dollar demand from fuel importers, airlines, raw-materials producers, […]
