CBN To Sanction Nigerian Banks

The Central Bank of Nigeria (CBN), on Tuesday, vowed to sanction Deposit Money Banks (DMBs) for rejecting old and small denominations of the United States of America Dollars. In a circular issued by the Ag. Director of Currency Operations Department of CBN, with reference: COD/DIR/INT/CIR/001/017, the apex bank said its market intelligence had revealed the […]

CBN Sells $20,000 To BDCs At ₦1,590/$1

akelicious.net - 26/Sep 05:22

The Central Bank of Nigeria (CBN), on Wednesday, announced it has approved the sale of $20,000 to each eligible Bureau De Change (BDC) at the rate of...

Emefiele didn’t follow procedures for currency redesign – Ex-CBN dep gov tells court

news360.info - 02/Oct 18:30

The immediate past Deputy Governor of the Central Bank of Nigeria, CBN, in charge of Operations, Folashodun Adebisi Shonubi, on Wednesday told Justice...

CBN Partners with Microfinance Banks to Drive Financial Inclusion, Targeting N1.12 Trillion in Loans for MSMEs

naija247news.com - 01/Oct 02:19

Hong (Adamawa), Sept. 28, 2024 (NAN) — The Central Bank of Nigeria (CBN) has launched a partnership with Microfinance Banks (MFBs) to enhance...

Blame Buhari For Current Economic Hardship – CBN

spyetv.com.ng - 25/Sep 20:32

Central Bank of Nigeria Governor (CBN) Olayemi Cardoso has blamed the current economic hardship on the poor handling of the nation’s economy...

CBN Expands eNaira Adoption to Boost Digital Currency Usage

techdigest.ng - 25/Sep 16:10

CBN Expands eNaira Adoption to Boost Digital Currency Usage The Central Bank of Nigeria (CBN) is intensifying efforts to expand the use of its digital...

Ex-CBN dep gov testifies against Emefiele in court

starnews.com.ng - 02/Oct 19:06

The immediate past Deputy Governor of the Central Bank of Nigeria, CBN, in charge of Operations, Folashodun Adebisi Shonubi, on Wednesday testified...

CBN introduces electronic exchange matching system for Forex transactions

worldstagenews.com - 03/Oct 22:17

WorldStage Newsonline– The Central Bank of Nigeria (CBN) has announced the introduction of the Electronic Foreign Exchange Matching System...

CBN introduces electronic FX matching system to curb speculation

thisislagos.ng - 08:48

The Central Bank of Nigeria (CBN) has announced the introduction of an electronic foreign exchange matching system (EFEMS).In a circular on Thursday,...

Latest Fixed Deposit Rates: 5 banks revise FD rates in September - check list

times of india - 25/Sep 11:30

Latest FD rates: The revised fixed deposit rates by Bank of Baroda, Axis Bank, IndusInd Bank, Federal Bank, and Karnataka Bank cater to both general...

Nigeria’s external reserves hit a 22-month high of $37.39 billion – CBN

news360.info - 23/Sep 08:48

Nigeria’s external reserves, which represent the country’s stock of foreign currency, have reached a 22-month high of $37.39 billion as of...

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