Fake News Alert: CBN Denies Selling FX To BDCs At ₦1,001/$1
The Central Bank of Nigeria (CBN) has denied selling foreign exchange (FX) to bureau de change (BDC) operators at the ...
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Tag: CBN
Data Shows CBN Not Defending Naira With FX Reserves – Businessday
Data showing the Central Bank of Nigeria (CBN)’s rare interventions in the foreign exchange market prove that it is not ...
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CBN unveils new minimum capital requirements
The Central Bank of Nigeria (CBN) has unveiled new minimum capital requirements for banks, pegging the minimum capital base for ...
Read moreCBN Lifts FX Restrictions On Milk, Dairy Products Import To Crash Prices
The Central Bank of Nigeria, CBN, has lifted forex restrictions on the importation of milk and dairy products in the ...
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Senate inaugurates an ad-hoc committee to investigate Anchor Borrowers Programme of the CBN
The Senate on Monday inaugurated an ad-hoc committee to investigate the Ways and Means and the Anchor Borrowers Programme of ...
Read moreLiquidity: CBN Sells $80 million Government Securities in short-term Transactions
The Central Bank of Nigeria (CBN) said it has concluded a sale of government securities, issuing N1.053 Trillion (US$680 million) ...
Read moreCBN Stops IOCs From Remitting 100% Of Forex Proceeds Abroad
The Central Bank of Nigeria (CBN) has stopped international oil companies (IOCs) operating in Nigeria from immediately remitting 100% of ...
Read moreCBN Sets $1m As Capital Requirement For International Money Transfer Operators
The Central Bank of Nigeria (CBN) has established a minimum operating capital requirement for International Money Transfer Operators (IMTOs) at ...
Read moreCBN ‘Concludes’ Payment Of ALL Verified FX Claims By Foreign Airlines
The Central Bank of Nigeria (CBN) says it has concluded the payment of all verified foreign exchange (FX) claims by ...
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Crypto currency: CBN bars bank account operators from cash withdrawal
Cash withdrawals will not be possible from accounts opened for virtual and digital assets transactions according to the Central of ...
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