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Why IMF `supports’ Nigeria’s border closure – minister

By Harrison Arubu Washington, Oct. 20, 2019 The Minister of Finance, Mrs. Zainab Ahmed, says the International Monetary Fund (IMF) “supports’’ Nigeria’s closure of its land borders because it understands the action is not punitive. Addressing newsmen in Washington on Sunday, Ahmed explained that the measure was intended to restore …

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Forex intervention: CBN injects $325.56m, CNY14m into Retail SMIS

ABUJA The Central Bank of Nigeria (CBN) on Friday, October 18, 2019, made an intervention of $325.5million in the retail Secondary Market Intervention Sales (SMIS) and CNY14million in the spot and shorttenored forwards segment of the inter-bank foreign market. This was disclosed by the Director, Corporate Communications Department, Isaac Okorafor, …

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