Tag: CBN
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 ...CBN sells $106.5m to 29 FX dealers in two days
The Central Bank of Nigeria (CBN) says foreign currencies worth $106.5 million were sold to authorised dealers on Thursday and Friday. In ...CBN approves sale of FX to BDCs at N1,450/$
The Central Bank of Nigeria has approved the sale of foreign exchange (FX) to eligible bureau de change (BDC) operators at N1,450 ...EFCC witness tells court how funds were moved from CBN through Emefiele’s wife
A business relationship manager with Zenith Bank PLC, Ifeoma Ogbonnaya, has told a Lagos High Court sitting in Ikeja how funds were ...Interest rate at 30% will stifle growth, hinder job creation, Dangote warns CBN
Aliko Dangote, president of the Dangote Group, says the increase of interest rate to almost 30 percent by the Central Bank of ...Stop rejecting lower Dollar bills, CBN warns banks, BDCs
The Central Bank of Nigeria (CBN) has issued a warning to Deposit Money Banks (DMBs) and authorised forex dealers, advising them against ...










