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DAILY BUSINESS NEWS BRIEF – CBN new forex policy fails to excite foreign investors

6
Mar

US increases imports of Nigerian oil by 287%

FG Scraps 10% Equity Contribution on Housing Mortgage Within N5m Range

FG Creates Central Assets Register to Track MDAs’ Assets

Nigeria recorded N290bn trade deficit in 2016 – NBS

Kaduna increases workers pension savings to 20%

NLNG pays FG lowest dividend in 10 years

CBN orders 24-hour processing of forex for retail customers

Banking Sector: Economic factors pressure N5.2trn risk assets

Scarcity of funds worsens as CBN mops up N373 billion

Investors in 10 banks to lose N29bn to new export Fund

FG to recover assets illegally converted to private use

Firm to invest $6bn in electricity generation

IEI gets shareholders’ approval to raise N13bn

BUA disburses over N600m loan to Kano rice farmers

Vitafoam outlines growth strategies as shareholders get N125m dividend

U.S. stock futures drop as risk appetites hit, Asia shares resilient

CBN new forex policy fails to excite foreign investors
While the nation’s forex market has seen increased liquidity in recent days on the back of the Central Bank of Nigeria’s new policy action, foreign investors are not keen on bringing back capital into the country.[Read More…]

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