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Tag "Central Bank of Nigeria (CBN)"

African investors summit, trapped funds payment… 7 top business stories to track this week

    African investors summit, trapped funds payment… 7 top business stories to track this week

Here are the seven top business news you need to track this week — October 31 to November 4. AFRICA EARLY STAGE INVESTOR SUMMIT 2022 Africa Early Stage Investor summit

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Naira redesign: EFCC moves to clamp down on currency hoarders

    Naira redesign: EFCC moves to clamp down on currency hoarders

The Economic and Financial Crimes Commission (EFCC) says it will clamp down on currency hoarders who have been affected by the new Central Bank of Nigeria (CBN) directive. Abdulrasheed Bawa,

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‘Aggressive spending, worsening FX crisis’ — how CBN’s naira redesign will affect economy

    ‘Aggressive spending, worsening FX crisis’ — how CBN’s naira redesign will affect economy

The Central Bank of Nigeria (CBN), on Wednesday, announced that it redesigned some new naira notes. Speaking on the development, Godwin Emefiele, CBN governor, said the circulation of the new

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CBN to celebrate first anniversary of eNaira launch on Tuesday

    CBN to celebrate first anniversary of eNaira launch on Tuesday

The Central Bank of Nigeria (CBN) has unveiled a programme of events to commemorate the first anniversary of the launch of the country’s digital currency, eNaira. Osita Nwasinobi, spokesperson of

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CBN: We’ve put policies in place to tackle naira depreciation

  CBN: We’ve put policies in place to tackle naira depreciation

The Central Bank of Nigeria (CBN) says it has established policies to address the persistent depreciation of the naira. The

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Demand pressure pushes naira to N751 per dollar at parallel market

  Demand pressure pushes naira to N751 per dollar at parallel market

The Nigerian naira, on Thursday, weakened to N751 per dollar at the parallel section of the foreign exchange (FX) market

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Reps committee: CBN followed due process on planned sale of Polaris Bank

  Reps committee: CBN followed due process on planned sale of Polaris Bank

A house of representatives’ committee says the planned sale of Polaris Bank by the Central Bank of Nigeria (CBN) followed

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ABCON: CBN’s FX policy widened naira-dollar exchange rate gap by N300

  ABCON: CBN’s FX policy widened naira-dollar exchange rate gap by N300

The Association of Bureau De Change Operators of Nigeria (ABCON) says the foreign exchange policy of the Central Bank of

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‘Invest in Africa for high yields’ — Emefiele woos investors at IMF/World Bank meetings

  ‘Invest in Africa for high yields’ — Emefiele woos investors at IMF/World Bank meetings

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has called on foreign investors to consider Nigeria and other

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N15m licensing fee, no deposit collection… CBN sets guidelines for foreign banks in Nigeria

  N15m licensing fee, no deposit collection… CBN sets guidelines for foreign banks in Nigeria

The  Central Bank of Nigeria (CBN) has released an exposure draft of the guidelines for the regulation of representative offices

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