CBN issues licence to 12 International Money Transfer Operators
The Central Bank of Nigeria (CBN) has issued licence to more International Money Transfer Operators (IMTOs) to operate in Nigeria. ...
Tag: cbn
CBN warns banks on illicit money transfer flows
The Central Bank of Nigeria (CBN) has directed commercial banks to conduct Know Your Customers' Businesses (KYCB) to ensure customers ...
CBN re-admits UBA into FOREX market
The Central Bank of Nigeria (CBN) has re-admitted the United Bank for Africa (UBA) Plc into the Foreign Exchange Market ...
BDCs decry poor compliance of banks to forex sales
President, Association of Bureau De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, has decried the poor compliance of banks ...
CBN increases BDC weekly supply to $50,000
The Central Bank of Nigeria (CBN) has increased the weekly supply of Bureau De Change (BDC) operators from licensed ...
CBN directs BDCs not to sell forex above 2% margin of buying rate
The Central Bank of Nigeria (CBN) on Tuesday directed Bureau De Change (BDCs) operators not to sell foreign exchange ...
MPC raises MPR to 14% as CBN battles inflation to stimulate growth
The Monetary Policy Committee on Tuesday hiked the Monetary Policy Rate by 200 basis points from 12 per cent to ...
Naira stable against dollar as CBN meets over economy
The Naira on Monday remained stable at the parallel market. The Nigerian currency maintained N378 to the dollar at ...
CBN directs banks to sell forex to BDCs
The Central Bank of Nigeria (CBN) has directed agent banks to approved international money transfer operators to sell foreign ...
Buhari sends 2016 budgets of NAN, NNPC, CBN, BPE, FAAN, NBC, 32 others to NASS
President Muhammadu Buhari on Tuesday sent 2016 budget proposal of the News Agency of Nigeria (NAN), Nigerian National Petroleum ...
Capital Adequacy Ratio: CBN sacks Skye Bank Chairman, MD, others
The Central Bank of Nigeria (CBN), on Monday, sacked the management and Board of Directors of Skye Bank Plc ...
CBN to clear backlog of forex demand
The Central Bank of Nigeria (CBN) has announced plans to clear all existing backlog of Foreign Exchange (forex) demand ...
CBN unveils market-determined rates
The Central Bank of Nigeria (CBN) has unveiled new guidelines in the management of foreign exchange (FX) which will ...
CBN, banks brainstorm on solution to mass sack
The Bankers' Committee of the Central Bank of Nigeria (CBN) on Thursday gave assurance that the rate of mass ...
CBN: PMI rises to 45.8 from 43.7 index points
The Purchasing Managers Index (PMI) rose to 45.8 index points in May from the 43.7 in April, the Central ...
CBN adopts flexible exchange rate policy, retains interest rate at 12%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has adopted a flexible exchange rate policy for ...
CBN cautions bank customers against fraudulent SMS on debit cards
The Central Bank of Nigeria (CBN) has cautioned bank customers against disclosing their Debit (ATM) Card details to fraudsters who ...
Sterling, Access banks’ deals with Madueke: CBN moves in
The Central Bank of Nigeria (CBN) says it is working in collaboration with law enforcement agencies in investigating certain questionable ...
CBN approves N20b bailout for Kogi
The Central Bank of Nigeria (CBN) has approved N20 billion as bailout for Kogi State Government. Governor Yahaya Bello announced ...
Buhari, Jinpeng witness signing of deal between CBN, China Bank
President Muhammadu Buhari and President Xi Jinpeng witnessing the Signing of Mandate Letter between Industrial and Commercial Bank of China ...
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