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Tag "Central Bank of Nigeria (CBN)"

From April, banks will charge N4m on every N40m cash withdrawal

    From April, banks will charge N4m on every N40m cash withdrawal

The Central Bank of Nigeria (CBN) has announced that charges on deposits will be re-introduced. In a circular released on its website, the apex bank said the decision was made

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Dollar falls to N490 on CBN action

    Dollar falls to N490 on CBN action

The Nigerian naira on Thursday recovered to N490 per dollar, as the fresh policy action from the Central Bank of Nigeria finds its foothold. A bureau de change operator, who

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CBN provides banks with additional forex for school fees, medical payments

    CBN provides banks with additional forex for school fees, medical payments

The Central Bank of Nigeria (CBN) says it has provided additional forex to banks, as part of its efforts to alleviate the hardship experienced by Nigerians who need forex for

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CBN reveals how it disbursed forex in two months

    CBN reveals how it disbursed forex in two months

The Central Bank of Nigeria (CBN) says it disbursed $2.83bn to “critical sectors of the economy” between December 2016 and January 2017.  Isaac Okorafor, CBN’s acting director, corporate communications department,

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CBN to sanction banks violating procedures of receiving funds

  CBN to sanction banks violating procedures of receiving funds

The Central Bank of Nigeria (CBN) has threatened to sanction banks still collecting payments under the Nigerian Content Development Fund (NCDF)

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CBN to penalise banks for borrowing without security

  CBN to penalise banks for borrowing without security

The Central Bank of Nigeria (CBN) says deposit money banks who borrow without adequate security will be suspended from the window

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We don’t fix forex rates, says CBN

  We don’t fix forex rates, says CBN

The Central Bank of Nigeria (CBN) has released a statement to address allegations leveled against it on wrong foreign exchange

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REVEALED: 46million bank accounts are still without BVN

  REVEALED: 46million bank accounts are still without BVN

Reports from the Nigerian Inter-Bank Settlement System (NIBSS) have shown that about 46 million accounts have not been linked to the Biometric

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CBN stops sale of forex to buy private jets

  CBN stops sale of forex to buy private jets

Intending buyers of private jets will have to source for the forex elsewhere as the Central Bank of Nigeria (CBN) continues

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CBN orders banks to publish names of debtors

  CBN orders banks to publish names of debtors

The Central Bank of Nigeria (CBN) has issued an August 1, 2015 deadline for banks operating in the country to

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