CBN Implements New Forex Rules: BDCs Limited to $25,000 Weekly Purchases
In a move aimed at regulating the retail foreign exchange market and enhancing transparency, the Central Bank of Nigeria (CBN) ...
Tag: CBN
CBN Implements New FX Guidelines for BDCs to Enhance Market Stability
The Central Bank of Nigeria (CBN) has introduced new regulations allowing Bureau de Change (BDC) operators to purchase up to ...
CBN Extends FX Sale to BDCs Until May 30 to Boost Market Stability
The Central Bank of Nigeria (CBN) has extended the foreign exchange (FX) sale period for Bureau de Change (BDC) operators ...
Nigeria Clears $7 Billion Forex Backlog, Restores Market Confidence
The Central Bank of Nigeria (CBN) has successfully cleared an outstanding $7 billion foreign exchange backlog, marking a significant milestone ...
Majority of Nigerians See Inflation as High – CBN Report
A recent report from the Central Bank of Nigeria (CBN) has revealed that an overwhelming majority of Nigerians perceive the ...
CBN Sets January 31 Deadline for FX Market Compliance Report Submission
The Central Bank of Nigeria (CBN) has directed all participants in the foreign exchange (FX) market to submit a ...
Forex Spending on Foreign Education and Healthcare Surges Despite Naira Depreciation
Nigerians have increased their expenditure on foreign education and healthcare services despite the significant depreciation of the naira, with spending ...
CBN Fines Nine Banks N1.35 Billion for Failing to Dispense Cash During Festive Season
The Central Bank of Nigeria (CBN) has imposed fines totaling N1.35 billion on nine commercial banks for failing to ensure ...
CBN Reports Decline in Consumer Loans as Government Borrowing Hits Record High
The Central Bank of Nigeria (CBN) has revealed a significant decline in consumer credit provided by commercial banks, while government ...
CBN Ends Extension of Export Proceeds Repatriation for Exporters
The Central Bank of Nigeria (CBN) has announced the immediate suspension of approvals for extending the repatriation timelines of export ...
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