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Tag "central bank of nigeria"

Stop rejecting old dollar notes, CBN warns banks, FX dealers

    Stop rejecting old dollar notes, CBN warns banks, FX dealers

The Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMB) and forex (FX) dealers to stop rejecting old series and lower denominations of the United States Dollar (USD).

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CBN freezes 194 bank accounts of firms, BDCs under investigation

    CBN freezes 194 bank accounts of firms, BDCs under investigation

The Central Bank of Nigeria (CBN) has secured an interim order of a federal high court in Abuja, freezing 194 bank accounts belonging to individuals and Bureau de Change (BDCs)

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Court grants CBN’s request to freeze 11 bank accounts under investigation

    Court grants CBN’s request to freeze 11 bank accounts under investigation

A federal high court in Abuja has issued an interim order in favour of the Central Bank of Nigeria (CBN) freezing 11 bank accounts. The CBN had in a motion

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‘It’s to protect local industries’ — Emefiele defends stance on FX restriction for milk importers

    ‘It’s to protect local industries’ — Emefiele defends stance on FX restriction for milk importers

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has defended the apex bank’s action in restricting the sale of foreign exchange (FX) to milk importers. He was speaking

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‘Allow us participate in remittances space’ — BDCs laud CBN’s naira 4 dollar policy

  ‘Allow us participate in remittances space’ — BDCs laud CBN’s naira 4 dollar policy

The Association of Bureau De Change Operators of Nigeria (ABCON) says the competitive diaspora remittance market introduced by the Central

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CBN: 3.8m farmers have benefitted from Anchor Borrowers’ Programme

  CBN: 3.8m farmers have benefitted from Anchor Borrowers’ Programme

The Central Bank of Nigeria (CBN) says 3.8 million farmers have, so far, benefited from its Anchor Borrowers’ Programme (ABP).

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Norway begs Nigeria to remove stockfish from forex ban list

  Norway begs Nigeria to remove stockfish from forex ban list

The Norwegian Seafood Council has appealed to the Nigerian government to remove stockfish from the list of items not eligible

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How Nigeria’s economy ‘can benefit’ from cryptocurrency trading

  How Nigeria’s economy ‘can benefit’ from cryptocurrency trading

On February 5, the Central Bank of Nigeria shocked many Nigerians by directing all financial institutions to close accounts of

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Cryptocurrencies: SEC backs CBN, to suspend affected parties from fintech framework

  Cryptocurrencies: SEC backs CBN, to suspend affected parties from fintech framework

The Securities and Exchange Commission (SEC) says it will suspend the admittance of all persons affected by the Central Bank

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Mastercard to adopt cryptocurrency as payment option

  Mastercard to adopt cryptocurrency as payment option

Mastercard says it will begin to accept cryptocurrencies on its network in 2021. In a blog post by Raj Dhamodharan,

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