Tag: The Central Bank of Nigeria (CBN)
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…