Tag: CBN
25 months after ‘ban,’ CBN releases fresh guidelines for forex sale by BDCs
The Central Bank of Nigeria has released fresh operational mechanisms for the sale of forex by Bureau De Change operators within the ...Falana sues CBN, says floating of naira ‘illegal’
Human rights lawyer Femi Falana, SAN, has slammed the floating of the naira by the Central Bank of Nigeria. Falana also disclosed ...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 ...












