Dollar: CBN Grants Banks Freedom To Trade Forex At Any Rate
The Central Bank of Nigeria has given commercial banks permission to trade foreign exchange freely at any rate. The approval implies that banks can now sell foreign currency at a…
The Central Bank of Nigeria has given commercial banks permission to trade foreign exchange freely at any rate. The approval implies that banks can now sell foreign currency at a…
According to a media source, the Central Bank of Nigeria (CBN) depreciated the naira to N631 per dollar in the Importers and Exporters (I&E) window. The apex bank denied devaluing…
The Central Bank of Nigeria, CBN, urged the people to disregard any reports to the contrary and insisted that it had not depreciated the naira. This was declared in a…
The Nigerian Central Bank depreciated the naira from N461.6 to N631 per US dollar. 48 hours after President Bola Ahmed Tinubu declared the Federal Government’s intentions to harmonize the country’s…
The Central Bank of Nigeria Act, 2004, is now being amended in an emergency plenary session of the Senate. On Saturday, the plenary was scheduled to begin at 10 a.m.,…
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has raised the interest rate by another 18.5 percent, to 20.5 percent from 18 percent in March. This information…
Over 57 million Nigerians will have Bank Verification Numbers (BVNs), according to the Central Bank of Nigeria (CBN), as of March 2023. In his speech on Tuesday at the 34th…
The e-Naira programme has been strengthened by the Central Bank of Nigeria’s (CBN) efforts to establish an effective payment system in the nation, with transactions reaching N1.4 million as of…
According to report, a former Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu, has filed a case before the Federal High Court in Abuja naming…
Deposit Money Banks (DMOs) have been found to have complied with the Central Bank of Nigeria’s (CBN) mandate to issue more cash over the weekend. On Friday, news outlets claimed…