CBN Clarifies Rules on Capital Importation Certificates for Forex Repatriation and Divestment
The Central Bank of Nigeria (CBN) has released a new circular providing clear guidelines on the procedures and documentation required ...
Tag: CBN
Naira Strengthens Amid CBN’s Dollar Injection as Official and Parallel Markets React
The Nigerian naira has experienced a significant strengthening in the official foreign exchange market, marking three consecutive days of appreciation. ...
CBN Conducts $876 Million Auction to Bolster Naira, Drops 12-Month Forex Policy
The Central Bank of Nigeria (CBN) has taken a significant step to stabilize the naira by auctioning $876.26 million to ...
Foreign Exchange Inflows Surge by 55% in First Half of 2024, Reaching $25.4 Billion
The Central Bank of Nigeria (CBN) has announced a remarkable 55% increase in net foreign exchange (FX) inflows, which reached ...
CBN Approves N700 Billion Bailout for Unity Bank-Providus Bank Merger
In a significant move to stabilize Nigeria's financial sector, the Central Bank of Nigeria (CBN) has approved a N700 billion ...
Exchange Rate for Customs Duties Collection Rises to N1,618/$
The Nigeria Customs Service (NCS) has adjusted the exchange rate for customs duties collection to N1,618.73 per dollar, marking an ...
Customers Rush to Reactivate Dormant Accounts Amid New CBN Guidelines
In response to recent directives from the Central Bank of Nigeria (CBN) concerning dormant accounts, numerous bank customers flooded their ...
Naira Plummets to N1,611 per Dollar, Lowest Since March
The exchange rate between the Nigerian naira and the US dollar fell to a four-month low of N1,611 on the ...
CBN to Classify Inactive Accounts Over 10 Years as Dormant for Investment Purposes
The Central Bank of Nigeria (CBN) has announced a new policy clarifying that only accounts inactive for over ten years ...
Naira Hits Four-Month Low, Closes at N1,603.80/$1 Amid Demand Pressure
The Nigerian naira has experienced further depreciation, closing at N1,603.80/$1 on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window on ...
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