FG recorded N66.51bn deficit in October – CBN

The Federal Government’s collected revenue fell by 38.4 per cent in October, and it recorded a deficit of N66.51bn within same period. The Central Bank of Nigeria revealed this in its ‘Economic Report October 2018’ which was released on Monday. In the report, the apex regulator stated, “Federally-collected revenue (gross) was estimated at N682.06bn in…

CBN Opens December Sale with $210m

In its first intervention in the foreign exchange market for December, the Central Bank of Nigeria (CBN) yesterday injected the sum of $210 million in the inter-bank foreign exchange market. Authorised dealers in the wholesale segment of the market received the sum of $100million, while the Small and Medium Enterprises (SMEs) and the invisibles segments…