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Tag "Central Bank of Nigeria (CBN)"

‘Nigerians will start paying higher prices’ — manufacturers speak on CBN’s interest rate hike

    ‘Nigerians will start paying higher prices’ — manufacturers speak on CBN’s interest rate hike

The Manufacturers Association of Nigeria (MAN) says the latest interest rate increase by the Central Bank of Nigeria (CBN) will worsen the imminent recession in the manufacturing sector and negatively

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Naira depreciates to N748/$ at parallel market amid increased demand

    Naira depreciates to N748/$ at parallel market amid increased demand

The naira has dropped to N748 per dollar at the parallel section of the foreign exchange (FX) market, popularly called the black or street market. The figure represents a depreciation

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FX repatriation: CBN announces rebate for exporters of unprocessed items

    FX repatriation: CBN announces rebate for exporters of unprocessed items

The Central Bank of Nigeria (CBN) says exporters of raw and unprocessed items will now enjoy a rebate for every dollar of non-oil export proceeds sold at the importers and

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CBN: Banks seeking licence conversion prohibited from rolling out new services

    CBN: Banks seeking licence conversion prohibited from rolling out new services

The Central Bank of Nigeria (CBN) has released an exposure draft of the guidelines for change of operating licence for banks and other financial institutions (OFIs). This is contained in a

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Banks, businesses comply with CBN’s directive on old notes — but shortage persists

  Banks, businesses comply with CBN’s directive on old notes — but shortage persists

Commercial banks in Lagos have started disbursing the old naira notes to customers at their various automated teller machines (ATMs)

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Naira redesign: Governors shouldn’t hide under immunity to commit treason, says CSO

  Naira redesign: Governors shouldn’t hide under immunity to commit treason, says CSO

The Centre for Reform and Public Advocacy, a civil society organisation (CSO), says governors should not hide under their immunity

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Currency redesign: CBN launches portal for collection of old naira notes

  Currency redesign: CBN launches portal for collection of old naira notes

Central Bank of Nigeria (CBN) has created a portal for the collection of the old naira notes as it looks

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CBN: We have capacity, enough materials to print required new naira notes

  CBN: We have capacity, enough materials to print required new naira notes

The Central Bank of Nigeria (CBN) says the scarcity of naira notes is not due to a shortage of printing

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Naira redesign: Buni asks CBN to give special concession to Yobe ahead of Jan 31 deadline

  Naira redesign: Buni asks CBN to give special concession to Yobe ahead of Jan 31 deadline

Mai Mala Buni, governor of Yobe state, has appealed to the Central Bank of Nigeria (CBN) to grant special concession

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Naira redesign: CBN launches cash swap programme in ALL LGAs

  Naira redesign: CBN launches cash swap programme in ALL LGAs

The Central Bank of Nigeria (CBN) has launched a cash swap programme in partnership with super agents and deposit money

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