Tuesday, May 14, 2024
MARKET UPDATE
Advertisement Topt

TheCable

Tag "forex"

CBN denies planning to convert forex in dom accounts to naira — second time in two months

    CBN denies planning to convert forex in dom accounts to naira — second time in two months

The Central Bank of Nigeria (CBN) says it is not planning to convert foreign exchange (FX) in the domiciliary accounts of customers into naira. Osita Nwanisobi, CBN spokesperson, said this

0 comment Read Full Article

CBN directs banks to publish names, BVN of forex policy defaulters

    CBN directs banks to publish names, BVN of forex policy defaulters

The Central Bank of Nigeria has directed all commercial banks in the country to publish the names and bank verification numbers (BVN) of defaulters of forex policy. The apex bank gave

0 comment Read Full Article

EFCC asks banks to report fraudulent election financing, forex malpractices

    EFCC asks banks to report fraudulent election financing, forex malpractices

Abdulrasheed Bawa, chairman of the Economic and Financial Crimes Commission (EFCC), has asked banks to collaborate with the agency in tackling fraudulent election financing and foreign exchange malpractices. Wilson Uwujaren,

0 comment Read Full Article

Banks to digitise FX sales, threaten to sanction fraudulent customers

    Banks to digitise FX sales, threaten to sanction fraudulent customers

The bankers’ committee, on Thursday, announced plans to begin the sale of foreign exchange to customers through the platform of the Nigerian Inter-bank Settlement System Plc (NIBSS). The committee is

0 comment Read Full Article

We won’t tamper with foreign currency in your dom accounts, CBN assures customers

  We won’t tamper with foreign currency in your dom accounts, CBN assures customers

The Central Bank of Nigeria (CBN) says speculations that the apex bank is considering converting foreign exchange (FX) in the domiciliary

0 comment Read Full Article

Manufacturers to banks: Don’t hoard forex… comply with CBN’s directive

  Manufacturers to banks: Don’t hoard forex… comply with CBN’s directive

The Manufacturers Association of Nigeria (MAN) has asked commercial banks to comply strictly with the Central Bank of Nigeria (CBN)

1 comment Read Full Article

CBN increases forex allocation to banks, assures liquidity for SMEs, travellers

  CBN increases forex allocation to banks, assures liquidity for SMEs, travellers

The Central Bank of Nigeria (CBN) says it will increase foreign exchange allocated to banks for travellers, Small and Medium

0 comment Read Full Article

UK businesses in Nigeria ask FG to provide more forex

  UK businesses in Nigeria ask FG to provide more forex

United Kingdom companies operating in Nigeria on Thursday asked the federal government to provide more foreign exchange (forex) for them

0 comment Read Full Article

CBN mulls forex ban on sugar, wheat importation

  CBN mulls forex ban on sugar, wheat importation

The Central Bank of Nigeria (CBN) says it is planning to include sugar and wheat on the list of import

0 comment Read Full Article

BDC operators to CBN: Make us pay agents for diaspora remittances

  BDC operators to CBN: Make us pay agents for diaspora remittances

The Association of Bureaux de Change Operators of Nigeria (ABCON) has asked the Central Bank of Nigeria (CBN) to make

0 comment Read Full Article
error: Content is protected from copying.