CBN Imposes Ban on Banks and Fintechs From International Money Transfers
In a pivotal move, the Central Bank of Nigeria (CBN) has officially prohibited banks and financial technology companies (fintechs) from ...
Tag: CBN
CBN Directs Banks to Sell Excess Dollar Holdings Within 24 Hours
The Central Bank of Nigeria (CBN) has issued a directive ordering Deposit Money Banks to sell their surplus dollar holdings ...
CBN’s Bold Move: See what would happen to your dollar
The Central Bank of Nigeria (CBN) has recently unleashed a transformative circular, titled "Harmonisation of Reporting Requirements on Foreign Currency ...
Breaking: CBN Implements Stringent Measures on Banks’ Foreign Currency Exposures
The Central Bank of Nigeria (CBN) has recently issued a crucial circular to all banks, outlining stringent measures to regulate ...
Foreign Airlines Challenge CBN’s Assertion on Settling Unpaid Ticket Revenue Claims
In a countermove against the Central Bank of Nigeria's (CBN) recent claim of concluding payments for all verified claims of ...
Naira Hits All-Time Low Against Dollar as Experts Warn of Economic Fallout
The Nigerian naira witnessed a significant decline, reaching an unprecedented low of N1,482 against the United States dollar at ...
Naira Hits Record Low, Trading at N1348.63/$ on Official Market
The Nigerian Naira reached an unprecedented low of N1348.63 against the US Dollar on the official Nigerian Autonomous Foreign Exchange ...
CBN Relocates 1,500 Staff to Lagos Office Amidst Controversy
At least 1,500 employees of the Central Bank of Nigeria (CBN) are set to resume operations at its Lagos office ...
CBN Releases $500 Million to Tackle Forex Transaction Backlog
The Central Bank of Nigeria (CBN) has taken a significant step in addressing the backlog of verified foreign exchange transactions ...
Nigeria’s inflation rate projected to hit 21.5% in 2024
Nigeria's inflation is expected to decline to 21.5% in 2024 from the 24.5% recorded in 2023, according to the 2024 ...
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