In Renewed Bid To Strengthen Naira, CBN To Resume Weekly FX Interventions Through BDCs
The bank is set to publish the list of eligible BDCs to benefit from its funding using certain compliance criteria.
The bank is set to publish the list of eligible BDCs to benefit from its funding using certain compliance criteria.
The operators also disagreed with the FG, want domestic gas obligation minimised
The government will seeks equitable rules to enhance food security amongst others
He said the loan is taking effect as it helps to stabilize the financial system and acute FX shortage
It said there was no legal agreement for the promotion of investment and its ministry of commerce has other commitments on prosposed days of visit.
“Prices of drinks have risen, the cost of diesel is something else, everything has gone through the roof.”
Analysts said though the initiative is good, it depends on a balanced market.
The bank also told the Nigeria Customs Service to adopt the closing FX rate for import duty assessment.
The service will be operated with the airline’s Boeing 777 and Boeing 787 Dreamliner aircraft.
He addressed them while they were on a peaceful protest over the ban of sachet and pet bottled alcoholic beverages.
Deputy gas minister Ekpo said serious meetings were ongoing concerning the current practice of selling gas in dollars.
The oil sector accounted for 4.7%, agriculture 26.11% and manufacturing 8.23%
He will be replaced by Katie Ringgold, who is currently vice president of 737 delivery operations.
“Of particular note are rice and wheat import bills which decreased by 98 per cent and 95 per cent in the period respectively.”
It said less than 20% of FX requirement was available in the banks.
He was until his appointment, the bank’s Board Secretary and Legal Adviser.
“We strongly believe that the key success factor for our mandate is transparency and accountability.”
“It is really about ensuring the industry’s sustainability through investment in our young people.”
“If you are buying crude oil from the government and you pay in dollars, how much are you going to sell?“
It said the country’s growth could fall to zero in 2024 and only slowly recover to 2% in 2028.
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