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The Central Bank of Nigeria has begun the settlement of foreign exchange forwards to banks. The Guardian gathered yesterday at the apex bank that the CBN has indeed started offsetting the outstanding forex forwards.The Central Bank of Nigeria has begun the settlement of foreign exchange forwards to banks. The Guardian gathered yesterday at the apex bank that the CBN has indeed started offsetting the outstanding forex forwards.
“Please speak with your Relationship Manager or your Trade Service Professional for clarification and additional details.” He added: “Supply from the gas forwards signed between the Ministry of Finance incorporated and international banks that are officially external asset managers to the CBN for financialising five-years of dividends from NLNG that the NNPC holds 49 per cent, means that the 45 per cent black market premium divergence we have seen that the official I&E rates will close ranks significantly and come back within fair value.
Nigerians may be in for more pains as Multichoice, owners of DStv and GOtv, announced that a new price bouquet will take effect from November 6. This is coming at a time Nigerians continue to battle the ripple effect of fuel subsidy removal... Poultry Association of Nigeria has again raised alarm that the N12 trillion poultry industry is at the bridge of collapse. The reason is not unconnected with the negative impact of the Naira redesign policy and high cost of raw materials,..
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