FX: CBN imposes 50% cap on IOCs repatriation
"Banks are allowed to pool cash on behalf of IOCs, subject to a maximum of 50 per cent of the repatriated export proceeds in the first instance...," the bank said.
Source: premiumtimesng.com
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Top News In Foreign Reserves Today - Breaking & Trending Today
CBN fails to account for $4.5b in foreign reserves — Audit Report
The annual audit report details the expenditures and finances of the government’s ministries, departments, and agencies within a financial year.
Source: theeagleonline.com.ng
Tinubu writes Senate, seeks confirmation of CBN board of directors
The president's request was contained in a letter read by the Senate President, Godswill Akpabio, during the plenary on Tuesday.
Source: premiumtimesng.com
AUD/JPY edges higher to near 96.70 after hawkish remarks by RBA Bullock
AUD/JPY trends upwards for the second consecutive day on Wednesday, trading around 96.70 during the Asian session.
Source: fxstreet.com
IMF Approves USD 700 Million Disbursement for Cash-Strapped Pakistan
IMF approves $700 million for Pakistan, stabilizing economy. Progress cited, but challenges persist. Read about fiscal improvements and inflation concerns
Source: news18.com