Tag: The Central Bank of Nigeria (CBN)
CBN grants full licences to 82 BDCs
“While the CBN will continue to update the list of Bureaux De Change with valid operating licences for public verification…
CBN warns Nigerians against new unlicensed microfinance bank
According to the apex bank, its attention was drawn to reports that the firm claimed to be a licensed microfinance…
CBN speaks on state of Nigerian banking sector
She said that the apex bank would continue to monitor all financial institutions under its regulatory purview and maintain robust…
Emefiele resigns, Cardoso, new deputy governors take over at CBN
In a statement by its Director of Corporate Communications, Isa AbdulMumin, on Friday, the CBN confirmed that Cardoso and the…
CBN asked to withdraw regulations on customers’ social media handles
According to SERAP, “The purported mandatory requirement would inhibit Nigerians from freely exercising their human rights online. If obtained, such…
CBN issues operational guidelines on open banking
“The adoption of open banking in Nigeria will foster the sharing of customer-permitted data between banks and third-party firms to…
Why we’ve not accepted new naira notes – Traders
Mr Ozuome Benedict, a phone technician, urged the apex bank to do a proper awareness on why they should accept…
Why CBN monetary policy is not working – Prof. Ife
He said that the 80 per cent money amounting to N2.6trn that ought to have been made available to the…
Zamfara govt, CBN shake hands over N5bn gold deal
Zamfara State Governor Bello Matawalle on Tuesday disclosed that his administration has entered into a N5 billion gold supply deal…
CBN returns excess bank charges to customers
The Central Bank of Nigeria (CBN) on Thursday said it has so far recovered over N60 billion from erring banks…
CBN assures of Forex for indigenous companies
The Central Bank of Nigeria (CBN) has reteirated its readiness to facilitate access to foreign exchange by Nigerian companies that…
Illegal repatriation: MTN to refund $8.13bn as CBN fines 4 banks N5.87bn
The Central Bank of Nigeria (CBN) has imposed a N5.87 billion fine on Standard Chartered Bank, Stanbic-IBTC, Citibank, and Diamond…
CBN pumps another $262.5m to Forex market
The Central Bank of Nigeria (CBN) on Friday intervened in the inter-bank Foreign Exchange Market with 262.5 million dollars.
Dollar falls to N360
The Central Bank of Nigeria (CBN), in continuation of its drive to ensure liquidity and stability in the foreign exchange…
FOREX: Expert urges CBN to sustain intervention
A financial expert, Prof. Uche Uwaleke, says the Central Bank of Nigeria’s (CBN) sustained intervention of pumping dollars in the…
Forex: CBN bars First Bank, GTB from SME sales window
The Central Bank of Nigeria (CBN), on Tuesday, barred 14 Money Deposit Banks from dealing in the Small and Medium…
CBN backpedals on cashless policy, asks banks to refund charges
In what could be described as a policy reversal, the Central Bank of Nigeria (CBN) on Friday suspended its earlier…
CBN pumps $100m in forex market
Following the injection of $280 million into the Foreign Exchange Market on Tuesday, the Central Bank of Nigeria (CBN) again…
CBN vows to sustain foreign exchange liquidity
The Central Bank of Nigeria (CBN) on Sunday reiterated its determination to sustain the provision of foreign exchange with a…
CBN releases telephone line to curb banks forex excesses
The Central Bank of Nigeria (CBN) has released an emergency mobile phone line for customers denied access to foreign exchange…
CBN Now Sells Dollar To Bureau De Change At N360
The Central Bank of Nigeria (CBN) on Tuesday slashed the rate at which it sells forex to Bureaux De Change…
Naira’s Value To Rise As CBN Boosts Forex Sale
The Naira is set to appreciate further in the week as the Central Bank of Nigeria (CBN) plans to inject…
CBN orders banks to honor dollar application within 48 hrs
The Central Bank of Nigeria (CBN) has directed Money Deposit Banks to henceforth process and meet the demand for dollars…
CBN policy delays wheat farming in Kano – Farmers
Wheat Farmers in Kano State have blamed the Central Bank of Nigeria (CBN) for the delay in the take-off of…
CBN issues licence to new International Money Transfer Operators
The Central Bank of Nigeria (CBN) has issued licence to more International Money Transfer Operators (IMTOs) to operate in Nigeria.…
Why we hid NNPC’s dollars, FirstBank, others explain
Some banks on Wednesday clarified their positions on the alleged suspension from the foreign exchange market transaction by the Central…
CBN re-admits UBA into FOREX Market
The Central Bank of Nigeria (CBN) has re-admitted the United Bank for Africa (UBA) Plc into the Foreign Exchange Market…
Skye Bank not distressed, CBN denies liquidation
The Central Bank of Nigeria (CBN) has advised customers and other stakeholders of Skye Bank to disregard any message purporting…
No concessionary foreign exchange rate for pilgrims – CBN
The Central Bank of Nigeria (CBN) has debunked claims in certain quarters suggesting that prospective pilgrims have been granted concessionary…
Beware of unregistered money transfer operators – CBN
The Central Bank of Nigeria (CBN), has advised Nigerians at home and in the Diaspora to beware of the activities…