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Tag "Central Bank of Nigeria (CBN)"

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 to tighten the noose on the exchange rate. Import items also prohibited

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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 publish names of their debtors. This was disclosed on Thursday

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CBN adjusts naira-dollar peg

The Central Bank of Nigeria (CBN) on Thursday adjusted the exchange rate peg it set for the naira against the dollar from N196.95 to N196.90. In its regulatory function, CBN

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External reserves fall but naira gains

    External reserves fall but naira gains

The Central Bank of Nigeria (CBN) has revealed that the fall of the country’s external reserve continued in March, as it fell by $1.55 billion. According to the bank, the

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MPC maintains interest rate at 13 per cent

  MPC maintains interest rate at 13 per cent

The Central Bank of Nigeria (CBN) has decided to maintain interest rate at 13 per cent. The decision was reached at the

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Sarah Alade named new chairman of FMDQ board

  Sarah Alade named new chairman of FMDQ board

The deputy governor, Economic Policy Directorate, Central Bank of Nigeria (CBN), Mrs Sarah Alade, has emerged as the new board

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CBN frees bankers to constitute labour unions

  CBN frees bankers to constitute labour unions

The Central Bank of Nigeria (CBN) has ordered financial institutions under its regulation to recognise their employees’ rights to associations,

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BDC operators ‘not ready’ for new capital base

  BDC operators ‘not ready’ for new capital base

Some Bureau De Change (BDC) operators have urged the Central Bank of Nigeria (CBN) to extend the deadline for the new

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CBN changes rules for Bureau De Change

  CBN changes rules for Bureau De Change

The Central Bank of Nigeria (CBN) has announced an increase in the minimum capital requirement for Bureau de Change (BDC)

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You can’t receive foreign transfers in $, not anymore!

  You can’t receive foreign transfers in $, not anymore!

The Central Bank of Nigeria (CBN) has directed that all outbound international money transfers must be done in naira, while

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