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Tag "Central Bank of Nigeria (CBN)"

FX scarcity: NEPC advises non-oil exporters to leverage bank interventions

    FX scarcity: NEPC advises non-oil exporters to leverage bank interventions

The Nigerian Export Promotion Council (NEPC) has asked exporters to take advantage of bank interventions for the non-oil export sector. Ezra Yakusak, executive director of NEPC, said this at a

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Repatriate dollar earnings to reduce pressure on naira, CBN tells private sector

    Repatriate dollar earnings to reduce pressure on naira, CBN tells private sector

The Central Bank of Nigeria (CBN) has called for the repatriation of foreign exchange (FX) earnings through official channels to ease the pressure on the naira. Egboagwu Ezulu, CBN deputy

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Naira strengthens to N665/$ at parallel market — days after EFCC raided BDC hub

    Naira strengthens to N665/$ at parallel market — days after EFCC raided BDC hub

The naira, on Tuesday, sustained its momentum at the parallel market, appreciating to N665 per dollar a few days after security operatives raided Bureaux De Change (BDC) hub in Abuja. The development

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Naira appreciates to N695/$ at parallel market

    Naira appreciates to N695/$ at parallel market

The naira, on Monday, appreciated against the dollar at the parallel section of the foreign exchange market. Bureaux De Change (BDC) operators, popularly known as ‘abokis’, who spoke to TheCable

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Buhari asks senate to confirm reappointment of four CBN directors

  Buhari asks senate to confirm reappointment of four CBN directors

President Muhammadu Buhari has asked the Nigerian senate to confirm the reappointment of four nominees as non-executive directors of the

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Festus Okoye: INEC still in talks with CBN over storage of election materials

  Festus Okoye: INEC still in talks with CBN over storage of election materials

Festus Okoye, commissioner for information and voter education of the Independent National Electoral Commission (INEC), says the commission is still

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Naira hits 620/$ at parallel market amid surge in FX demand

  Naira hits 620/$ at parallel market amid surge in FX demand

The naira, on Thursday, fell to N620 per dollar at the parallel market amid the lingering scarcity of the greenback.

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CBN advises banks to harness open banking for financial inclusion

  CBN advises banks to harness open banking for financial inclusion

The Central Bank of Nigeria (CBN) has advised banks and other financial institutions to embrace opportunities in open banking to

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Raising interest rate alone will not tackle inflation, LCCI tells CBN

  Raising interest rate alone will not tackle inflation, LCCI tells CBN

The Lagos Chamber of Commerce and Industry (LCCI) has advised the Central Bank of Nigeria (CBN) to roll out more

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N5.7bn terminal benefits: Ex-bankers ask CBN, NDIC to comply with court judgement

  N5.7bn terminal benefits: Ex-bankers ask CBN, NDIC to comply with court judgement

The association of ex-staff of non-consolidated banks of Nigeria has asked the Nigeria Deposit Insurance Corporation (NDIC) and the Central

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