Tag: CBN
No deadline on circulation of old naira notes, says CBN
The Central Bank of Nigeria (CBN) says Nigerians should disregard claims that the old naira notes will cease to be legal tender ...Introduction of FX matching system shows CBN is committed to fair market – Cardoso
Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says the apex bank’s decision to implement the electronic foreign exchange matching ...CBN sells $543m to authorised dealers in September
The Central Bank of Nigeria (CBN) says it sold a total of $543.5 million in the Nigerian foreign exchange market (NFEM) to ...To curb speculation, CBN introduces electronic FX matching system
The Central Bank of Nigeria (CBN) has announced the introduction of an electronic foreign exchange matching system (EFEMS). In a circular on ...Again, CBN sells dollars to BDCs at N1,590/$
The Central Bank of Nigeria (CBN) has approved another sale of foreign exchange (FX) to eligible bureau de change (BDC) operators at ...CBN, banks sell $9.9bn as naira weakens to N1,670/$
The value of foreign exchange turnover via the Nigerian Autonomous Foreign Exchange Market increased to N15.74tn ($9.90bn) in August 2024, an FMDQ ...CBN increases interest rate to 27.25%
The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which benchmarks interest ...CBN directs service providers to commence PoS transaction tracking
The Central Bank of Nigeria (CBN) has directed payment service providers to begin the tracking of all Point of Sale (PoS) transactions. ...CBN sells $876m to banks at N1,495 per dollar
The Central Bank of Nigeria (CBN) says it sold foreign exchange (FX) to banks worth $876.26 million at N1,495 per dollar. The ...CBN approves N700bn bailout for Unity, Providus banks’ merger
The Central Bank of Nigeria (CBN) has approved a financial package of N700 billion to support the proposed merger between Unity Bank ...
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