Tag: CBN
CBN introduces FX price verification system portal for importers
The Central Bank of Nigeria has introduced a foreign exchange price verification system portal to enable importers to access forex. The CBN, ...Diversion Of Diaspora Remittances Contributing To Naira Crash – Ag CBN Gov
The Central Bank of Nigeria has attributed the crash of the naira against the dollar and its inability to manage the foreign ...‘CBN lacks experience to manage naira float’ — EIU predicts reversal of FX unification policy
The Economist Intelligence Unit (EIU), an arm of The Economist of London, has predicted that the Nigerian government will go back to ...Reduce govt borrowing from CBN, World Bank advises Nigeria
The World Bank Group has urged Nigeria to reduce government’s borrowing from the Central Bank if it wants to reduce the inflationary ...CBN raises interest rate to 18.75%
The Central Bank of Nigeria has raised the Monetary Policy Rate, which measures interest rate, from 18.5 percent to 18.75%. Acting CBN ...Nigerians can now receive Diaspora remittances in Naira – CBN
The Central Bank of Nigeria has disclosed that the nation’s official currency, the naira can now stand as a payout option for ...CBN intervenes as more PoS operators implement rate hike
The Central Bank of Nigeria has said it will intervene to resolve issues around the new charges adopted by Point of Sale ...CBN lifts restriction on $10k deposit for domiciliary account holders
The Central Bank of Nigeria has said cash deposits into domiciliary accounts will not be restricted, and customers “shall have unfettered and ...CBN fresh FX supply likely as Naira weakens to 702/$
The naira traded at 702.19/dollar at the close of business on Thursday, as the Central Bank of Nigeria has allowed for a ...It’s official! CBN announces unification of all exchange rate windows
The Central Bank of Nigeria has announced the unification of all segments of the forex exchange market. In a circular on Wednesday, ...













