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CBN may review naira exchange rate – Globasure News Updates

By Globasure

July 23, 2013

The Central Bank of Nigeria (CBN) may lower its targeted trading range for the naira as dwindling foreign-exchange reserves and falling oil prices undermine its ability to halt the currency’s slide, FBN Capital Limited has said. Policy makers…

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The Cashless Policy The Fact at Hand – Globasure News Updates.

By Globasure

July 23, 2013

Mixed reactions have continued to trail the cashless policy introduced by the Central Bank of Nigeria (CBN) in January 2012. The implementation of the policy commenced in Lagos in 2012 but it was extended to the Federal Capital…

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Analysts disagree with CBN 50 per cent Cash Reserves Requirement (50% CRR) – Globasure News Updates.

By Globasure

July 25, 2013

Financial analysts have disagreed with the Central Bank of Nigeria over the imposition of 50 per cent Cash Reserves Requirement on all government deposits with commercial banks. They said the introduction of such additional instrument by the Monetary…

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