The refinery is challenging the directive on the ground that the petroleum regulator lacks the statutory authority to exercise regulatory or oversight powers over its operations within the free zone.
The apex bank lends money to banks through the SLF at interest rate of 500 bases points (bps) above the Monetary Policy Rate (MPR).
Today, the Naira is exchanging at the Black Market and the CBN rate as follows : Black Market Rates • 1 US Dollar is 1398 Naira. •1 Great British Pound (GBP) is 1890 Naira. •1 Euro (EUR) is 1595 Naira. •1 Canadian Dollar (CAD) is 1020 Naira. •1 Chinese Yuan is 190 Naira. •1 South…
