CBN directs BDCs to sell dollar at N1,269
The Central Bank of Nigeria has disclosed that it will be allocating $10,000 to each Bureau de Change operator at N1,251/$.
This was contained in a circular…
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CBN
NACCIMA urges CBN to address unmet FX requests by private sector operators
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has called on the Central Bank of Nigeria (CBN) to address the unmet forex requests by some…
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CBN sells $10,000 to BDC at N1,251/$1
The Central Bank of Nigeria has issued a circular to Bureau De Change operators informing them of the sale of $10,000 to each BDC at a rate of N1,251/$1.
This…
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Naira at N400 to dollar unrealistic – Moghalu
A former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, has faulted the position of those expecting naira to stabilise at N400 to the dollar,…
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31 states owe CBN N340bn bailout funds
Thirty-one state governments owe the Central Bank of Nigeria, CBN, a total of N339.9bn obtained to pay workers’ salaries between 2015 and 2023, a document…
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Loan sharks target poor citizens, exploit, violate privacy rights | TheNigerian
• 215 lenders registered, 47 delisted, over 71 apps working illegally• 88 unlawful companies on watch listing• Higher regulation…
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Nigeria’s monthly debt servicing hits $112.35m
According to the Central Bank of Nigeria (CBN), the Federal Government spent $112.35 million servicing external debt in January 2023.
According to the CBN's Weekly International…
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CBN prohibits foreign banks’ rep offices from engaging in banking activities
According to the Central Bank of Nigeria (CBN), foreign banks' representative offices in Nigeria are not permitted to engage in various financial-related services, including those…
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CBN places 7,552 BVN on watchlist as eNaira transactions hit 1.4m
The Central Bank of Nigeria (CBN) has placed 7,552 Bank Verification Numbers (BVN) on its watchlist for fraudulent transactions, despite the fact that the Central Bank Digital Currency…
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Naira scarcity: NLC reveals next action after fresh ultimatum to CBN
THE Nigeria Labour Congess (NLC) has expressed satisfaction with efforts geared towards increasing cash flow around the country, following the nationwide scarcity occasioned by the…
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