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Tag "Central Bank of Nigeria (CBN)"

Emefiele to IMF: CBN will continue intervention schemes to support economic growth

    Emefiele to IMF: CBN will continue intervention schemes to support economic growth

The Central Bank of Nigeria (CBN) says its intervention schemes has helped to stimulate growth and boost gross domestic product (GDP). Godwin Emefiele, CBN governor, said this while fielding questions

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‘It’s home-grown initiative’ — Customs says it will support CBN’s e-valuation policy

    ‘It’s home-grown initiative’ — Customs says it will support CBN’s e-valuation policy

The Nigeria Customs Service (NCS) says it will support the e-invoicing and e-valuation policy introduced by the Central Bank of Nigeria (CBN) for importers and exporters. Galadima Saidu, assistant comptroller-general

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Naira falls to N585 per dollar at parallel market

    Naira falls to N585 per dollar at parallel market

Nigerian naira has dropped to N585 against the dollar at the parallel section of the foreign exchange market. The figure represents N4 or 0.7 percent depreciation compared to the N581 it

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‘N500k minimum transactions’ — CBN introduces cash collection centres for withdrawals, deposits

    ‘N500k minimum transactions’ — CBN introduces cash collection centres for withdrawals, deposits

The Central Bank of Nigeria (CBN) has introduced cash collection centres called Bank Neutral Cash Hubs (BNCH), to be established by registered processing companies or deposit money banks (DMBs) based

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Naira slides 0.5% to N581/$1 at parallel market

  Naira slides 0.5% to N581/$1 at parallel market

Nigerian naira traded at N581 per dollar on Friday at the parallel section of the foreign exchange market. The figure

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Naira drops 0.2% to trade N578/$1 at parallel market

  Naira drops 0.2% to trade N578/$1 at parallel market

The naira, on Wednesday, depreciated further against the dollar at the parallel section of the foreign exchange market. Bureaux De

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IMF: Using eNaira for cross-border payments may boost money laundering, terrorism financing

  IMF: Using eNaira for cross-border payments may boost money laundering, terrorism financing

The International Monetary Fund (IMF) says the expansion of eNaira for cross-border transfers and agency banking may boost money-laundering/financing of

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EXPLAINER: How to repay your COVID-19 NIRSAL loan

  EXPLAINER: How to repay your COVID-19 NIRSAL loan

Last week, NIRSAL Microfinance Bank (NMFB) called for the repayment of COVID-19 loans given to households and businesses across the

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‘My fate firmly in God’s hands’ — Emefiele speaks on calls to contest 2023 presidency

  ‘My fate firmly in God’s hands’ — Emefiele speaks on calls to contest 2023 presidency

Godwin Emefiele, governor of the Central Bank of Nigerians (CBN), says it is the prerogative of President Muhammadu Buhari to

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INTERVIEW: Luno wants to work with CBN on crypto regulation, says Owen Odia

  INTERVIEW: Luno wants to work with CBN on crypto regulation, says Owen Odia

It’s been a year since the Central Bank of Nigeria’s landmark ban on cryptocurrency transactions within the banking sector. The

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