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Tag "Central Bank of Nigeria (CBN)"

CBN directs banks to adopt official FX rate for intra-African transactions

    CBN directs banks to adopt official FX rate for intra-African transactions

The Central Bank of Nigeria (CBN) has directed commercial banks to adopt the exchange rate in the importer and exporter window (I&E) for cross border payments through the Pan-African Payments

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CBN seeks to bar BVN violators from banking services

    CBN seeks to bar BVN violators from banking services

The Central Bank of Nigeria (CBN) has issued a revised regulatory framework for bank verification number (BVN) operations and watchlist for the Nigerian banking industry. The apex bank, on Tuesday,

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Nigeria spends $2bn on wheat importation yearly, says CBN

    Nigeria spends $2bn on wheat importation yearly, says CBN

The Central Bank of Nigeria (CBN) says the country spends $2 billion annually on the importation of wheat. Yila Yusuf, director of CBN development finance department, disclosed this in Abuja,

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‘Let’s see effect on the naira’ — rep calls for closure of Nigerians’ dom accounts

    ‘Let’s see effect on the naira’ — rep calls for closure of Nigerians’ dom accounts

Ibrahim Obanikoro, a member of the house of representatives, has suggested that the Central Bank of Nigeria (CBN) close all domiciliary accounts for the next one year. The naira has

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Q&A: How Nigeria’s digital currency, eNaira, will work

  Q&A: How Nigeria’s digital currency, eNaira, will work

On Friday, October 1, 2021, the Central Bank of Nigeria (CBN) will launch a centralised and regulated digital currency called

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Emefiele: CBN’s COVID interventions account for 3.5% of GDP

  Emefiele: CBN’s COVID interventions account for 3.5% of GDP

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the bank’s interventions on the economy against the negative

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CBN: eNaira will boost cross-border trade

The Central Bank of Nigeria (CBN) has explained the economic implications and importance of a centralised and regulated digital currency

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CBN: Merchants, business outlets MUST accept eNaira payments

  CBN: Merchants, business outlets MUST accept eNaira payments

The Central Bank of Nigeria (CBN) says the country’s first digital currency, eNaira, must be accepted as a form of

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CBN: Those calling for Emefiele’s resignation only pursuing selfish interest

  CBN: Those calling for Emefiele’s resignation only pursuing selfish interest

The Central Bank of Nigeria (CBN) has rejected calls for the resignation of Godwin Emefiele, its governor, over issues relating

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‘We can’t sell FX to people who buy arms to hurt us’ — CBN maintains stance on BDC ban

  ‘We can’t sell FX to people who buy arms to hurt us’ — CBN maintains stance on BDC ban

The Central Bank of Nigeria (CBN) has announced that the ban on sales of foreign exchange (forex) to Bureaux De

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