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Tag "Central Bank of Nigeria (CBN)"

ABCON: CBN’s cash withdrawal policy fuelling rush for dollars

    ABCON: CBN’s cash withdrawal policy fuelling rush for dollars

The Association of Bureaux De Change Operators of Nigeria (ABCON) says the cash withdrawal policy has led to a rush by Nigerians to buy dollars. The Central Bank of Nigeria,

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Benue rep: Emefiele going beyond CBN mandate, withdrawal limits ‘anti-people’

    Benue rep: Emefiele going beyond CBN mandate, withdrawal limits ‘anti-people’

Mark Gbillah, member representing Benue Gwer east/Gwer west in the house of representatives, says the new cash withdrawal limit of the Central Bank of Nigeria (CBN) is “extremely harsh”. Gbillah

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Emefiele: We may adjust cash withdrawal limits — but policy won’t be reversed

    Emefiele: We may adjust cash withdrawal limits — but policy won’t be reversed

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the recently-introduced cash withdrawal policy is not intended to make life difficult for Nigerians but to strengthen the country’s

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N20k maximum POS withdrawal, special waiver… 10 things to know about CBN’s cash policy

    N20k maximum POS withdrawal, special waiver… 10 things to know about CBN’s cash policy

The Central Bank of Nigeria (CBN), on Tuesday, imposed limits on weekly cash withdrawals by individuals and corporate entities. The new policy will take effect on January 9, 2023. It

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Buhari renominates Edward Adamu, Aisha Ahmed as CBN deputy governors

  Buhari renominates Edward Adamu, Aisha Ahmed as CBN deputy governors

President Muhammadu Buhari has asked the senate to confirm the nomination of Edward Adamu and Aisha Ahmed for a re-appointment

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EFCC auction, energy statistics… 7 top business news to track this week

  EFCC auction, energy statistics… 7 top business news to track this week

Here are the seven top business news you need to track this week — December 5 to December 9. EFCC

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Naira strengthens to N740/$ at parallel market as dollar demand shrinks

  Naira strengthens to N740/$ at parallel market as dollar demand shrinks

The naira, on Friday, appreciated further against the dollar at the parallel market to trade at N740 per dollar. The

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‘We had limited time’ — CBN speaks on naira notes redesign

  ‘We had limited time’ — CBN speaks on naira notes redesign

The Central Bank of Nigeria (CBN) has explained the reason for the “simplicity” of the naira redesign. Ahmed Umar, director

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Emefiele: Non-oil exporters repatriated $4.9bn in nine months

  Emefiele: Non-oil exporters repatriated $4.9bn in nine months

The Central Bank of Nigeria (CBN) says non-oil exporters repatriated $4.98 billion into the country in the first nine months

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CBN: FG borrowed N6.3trn through ways and means in 10 months

  CBN: FG borrowed N6.3trn through ways and means in 10 months

The federal government borrowed N6.3 trillion from the Central Bank of Nigeria (CBN) in the first 10 months of 2022.

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