CBN

CBN to sanction banks denying customers foreign exchange

The Central Bank of Nigeria has handed down a warning to banks’ chief executive officers to be prepared for heavy…

4 years ago

South-South receives N333bn CBN intervention funds

The push for the people of Nigeria’s South-South region to show greater interest in the various intervention funding of the…

4 years ago

CBN moves to curb $580m annual cassava by-product imports

Despite being the world’s largest producer of cassava, Nigeria imports over $580 million worth of cassava by-products annually. To keep…

4 years ago

CBN pegs exchange rate at N410/$1, after adopting NAFEX

The Central Bank of Nigeria (CBN) has adopted the Nigerian Autonomous Foreign Exchange (NAFEX) rate and updated its website to…

4 years ago

State govs, CBN disagree over loan repayment

The 36 state governors under the aegis of the Nigeria Governors’ Forum and the Central Bank of Nigeria have disagreed…

4 years ago

CBN drops N379/$1 exchange rate, adopts I&E window

The Central Bank of Nigeria has removed the official exchange rate of N379 to a dollar from its website since…

4 years ago

CBN extends indefinitely N5 bonus for every $1 diaspora remittances

The Central Bank of Nigeria has announced the extension of its “Naira 4 Dollar Scheme” — an incentive for senders…

4 years ago

CBN sacks all FirstBank’s directors, reinstates ousted MD, Adedotun

The Central Bank of Nigeria has sacked the entire members of the board of First Bank of Nigeria and the…

4 years ago

Naira exchanges for 480/$ at parallel market

The naira exchanged to the dollar at the rate of 480/$ at the parallel market on Friday according to the…

4 years ago

Govs ask FG to postpone $2.1bn support loan repayment

State governors have asked the Federal Government to postpone the repayment of the $2.1bn budget support facility given to the…

4 years ago