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Tag "cbn"

CBN asks banks to block accounts of 18 companies

The Central Bank of Nigeria (CBN) has directed banks to place a post-no-debit on the bank accounts of 18 companies. A post-no-debit means that all debit transactions, including ATMs and

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CBN threatens to revoke licences of microfinance banks engaging in FX transactions

    CBN threatens to revoke licences of microfinance banks engaging in FX transactions

The Central Bank of Nigeria (CBN) has threatened to revoke licences of microfinance banks dealing in foreign exchange (FX) transactions. The apex bank issued the warning in a circular signed

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FG to begin second phase distribution of 4m prepaid meters

    FG to begin second phase distribution of 4m prepaid meters

The federal government says it has concluded arrangements for commencement of the second phase of its national mass metering programme (NMMP). Sale Mamman, minister of power, announced this in a

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CBN secures order freezing Risevest, Bamboo accounts over ‘illegal FX transactions’

    CBN secures order freezing Risevest, Bamboo accounts over ‘illegal FX transactions’

A federal high court in Abuja has granted the request of the Central Bank of Nigeria (CBN) to freeze accounts of fintech companies for 180 days. The accounts include that

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Reps panel tackles CBN over N801bn ‘unremitted’ revenue

  Reps panel tackles CBN over N801bn ‘unremitted’ revenue

A house of representatives committee has tackled the Central Bank of Nigeria (CBN) over N801 billion unremitted revenue into the federation account. 

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Dear God, let oil price fall to $44

  Dear God, let oil price fall to $44

If you think this is a satire, then you are taking life too seriously. It is time to start thinking

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BDC operators: CBN’s decision to halt FX sales doesn’t hinder us from providing service

  BDC operators: CBN’s decision to halt FX sales doesn’t hinder us from providing service

The Association of Bureaux De Change Operators of Nigeria (ABCON) says a recent decision by the Central Bank of Nigeria

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CBN directs banks to establish teller points for legitimate FX requests

  CBN directs banks to establish teller points for legitimate FX requests

The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to set up teller points to meet legitimate

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Mailafia: Decision to stop sale of FX to BDCs may worsen naira value

  Mailafia: Decision to stop sale of FX to BDCs may worsen naira value

Obadiah Mailafia, a former deputy governor of the Central Bank of Nigeria (CBN), says the decision of the apex bank

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Newspaper Headlines: ASUU strike looms as FG and lecturers lock horns

  Newspaper Headlines: ASUU strike looms as FG and lecturers lock horns

The decision of the Central Bank of Nigeria (CBN) to stop forex sales to bureau de change (BDC) operators in

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