Tuesday, January 26, 2021
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Tag "central bank of nigeria"

Why Tugendhat should apologise to Gowon

    Why Tugendhat should apologise to Gowon

It is difficult to understand how a member of the revered British Parliament worth his salt, could have left himself open to ridicule. By levelling unfounded, irrational and bizarre allegations

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CBN directs banks to close naira accounts of money transfer operators

    CBN directs banks to close naira accounts of money transfer operators

The Central Bank of Nigeria (CBN) has instructed deposit money banks (DMBs) to close all naira accounts of international money transfer operators (IMTOs). The directive was contained in a circular

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CBN: Banks to begin paying remittance inflows in forex from Friday

    CBN: Banks to begin paying remittance inflows in forex from Friday

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says deposit money banks will begin remittances from international money transfer operators (IMTOs) on Friday, December 4. A statement released

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Naira reverses loss, trades at N470/$ after new CBN policy

    Naira reverses loss, trades at N470/$ after new CBN policy

For the second consecutive day, the naira has firmed up against the dollar. It is currently trading at N470 to the dollar. The naira, which had previously exchanged at N500/$,

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Naira appreciates at N490/$1 in parallel market after new CBN policy

  Naira appreciates at N490/$1 in parallel market after new CBN policy

The naira, on Tuesday, appreciated by 2 percent at N490 per dollar in the parallel market, but weakened by 1

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Court okays suit asking CBN to account for COVID-19 donations

  Court okays suit asking CBN to account for COVID-19 donations

A federal high court in Abuja has granted leave to two groups seeking to compel the Central Bank of Nigeria

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Recession, CBN and naira in focus

  Recession, CBN and naira in focus

Africa’s largest economy has descended into its second recession in less than five years as oil production dropped to a

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Bank customers to now pay for failed direct debit transactions

  Bank customers to now pay for failed direct debit transactions

Bank customers will now pay a charge for failed direct debit transactions. According to the Guide to Charges by Banks,

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Credit tribunal to help banks recover loans as Buhari assents 2020 BOFIA

  Credit tribunal to help banks recover loans as Buhari assents 2020 BOFIA

President Muhammad Buhari has signed the 2020 Banks and Other Financial Institutions Act into law. According to a statement signed

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CBN gets court order to freeze accounts of #EndSARS ‘promoters’

  CBN gets court order to freeze accounts of #EndSARS ‘promoters’

The federal high court sitting in Abuja has granted the Central Bank of Nigeria’s request to freeze the accounts of

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