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Tag "Central Bank of Nigeria(CBN)"

‘It’s intended to cause panic’ — Polaris Bank dismisses report on purported sale by CBN

    ‘It’s intended to cause panic’ — Polaris Bank dismisses report on purported sale by CBN

The management of Polaris Bank has denied reports that the company is about to be sold. Recently, an online report claimed that the Central Bank of Nigeria (CBN) had commenced

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Naira falls to N615/$ at parallel market ahead of Eid

    Naira falls to N615/$ at parallel market ahead of Eid

The naira has depreciated to N615 a dollar at the parallel market ahead of a two-day holiday for Eid-el-Kabir. The figure represents N1 or 0.2 percent depreciation compared to the N614 it traded

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CBN to pay N65 bonus for every $1 of repatriated non-oil export proceeds sold at official FX rate

    CBN to pay N65 bonus for every $1 of repatriated non-oil export proceeds sold at official FX rate

The Central Bank of Nigeria (CBN) says exporters will now enjoy a rebate of N65 for every dollar of non-oil export proceeds sold to third parties at the importers and

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Naira continues free fall, weakens 0.9% to N577/$1 at parallel market

    Naira continues free fall, weakens 0.9% to N577/$1 at parallel market

The Nigerian naira has weakened to N577 per dollar at the parallel section of the foreign exchange market. This represents N5 or 0.9 percent depreciation compared to the N572 it

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Tunde Lemo: Infrastructure decay, insecurity driving away investors from Nigeria

  Tunde Lemo: Infrastructure decay, insecurity driving away investors from Nigeria

Tunde Lemo, a former deputy governor of the Central Bank of Nigeria (CBN) and chairman of Flutterwave, says Ghana has

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CBN: We’re working with EFCC, police to arrest people who spray naira notes at parties

  CBN: We’re working with EFCC, police to arrest people who spray naira notes at parties

The Central Bank of Nigeria (CBN) has warned against spraying naira notes at social functions, describing it as an “unpatriotic

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CBN refutes claims of regional imbalance in agric interventions, unveils rice pyramid in Ekiti

  CBN refutes claims of regional imbalance in agric interventions, unveils rice pyramid in Ekiti

The Central Bank of Nigeria (CBN) says its agricultural intervention programmes are not tilted in favour of certain sections of

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CBN: Firms expect naira to depreciate further in January

  CBN: Firms expect naira to depreciate further in January

Firms expect the naira to fall deeper in January 2021, according to a new report by the Central Bank of

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CBN to promote zero balance account opening

The Central Bank of Nigeria (CBN) says it will promote the opening of new accounts with zero balance. This was

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CBN: 41 items still banned under Nigeria-China currency swap deal

  CBN: 41 items still banned under Nigeria-China currency swap deal

The Central Bank of Nigeria (CBN) says the Nigeria-China currency swap deal will not cover the importation of the 41

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