“Another concern is the exposure to the external currency shocks that may result from the depreciation of the naira,” the LCCI chief said.
Mr Atiku is worried about a report showing Nigeria as the third most indebted country to IDA.
The Central Bank of Nigeria says it will heavily penalise banks with empty ATMs and those selling ‘mint’ cash to naira hawkers.
Francis Meshioye, MAN president, said this in the association’s first-half economic report on Monday in Lagos.
The attention of the Central Bank of Nigeria (CBN) has been drawn to discussions at different fora suggesting that the old series of the N200, N500, and N1,000 banknotes shall cease to be legal tender
The lawmakers urged the banking regulator to put measures in place to avoid confusion and disruption to everyday financial transactions.
The deposition is scheduled to be held in London between December 17 and 19, a day before the court’s deadline.
The new direction of macroeconomic policies should be sustained, including the Central Bank of Nigeria’s appropriately tight monetary policy stance
The lawmakers urged state governments to adopt policies that could alleviate the financial burden on the citizens.
The Central Bank of Nigeria says it has provided an additional 20,000 dollars each to eligible bureau de change at an exchange rate of N1,590.
