Tag: CBN
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 ...CBN reforms increases diaspora remittances by $172m in one month – Analysis
The Central Bank of Nigeria has reported a $172m increase in direct remittances in one month. The latest CBN data analysed by ...CBN revokes Heritage Bank’s licence over decreasing financial performance
The Central Bank of Nigeria (CBN) has revoked the banking licence of Heritage Bank Plc, over the bank’s failure to improve its ...CBN links forex volatility to seasonal demands, targets double foreign inflows
The Central Bank of Nigeria (CBN) has attributed the instability in the foreign exchange market to “seasonal demands”. CBN Governor, Olayemi Cardoso, ...
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