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Central Bank of Nigeria bans customer-to-customer forex transfer
The Central Bank of Nigeria (CBN) has banned transfer of foreign exchange (forex) from one customer to another. An internal memo available in the med...
Central Bank of Nigeria
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Central Bank of Nigeria debunks Nigerian Economic Summit Group’s alarm on the economy, says it is false
The Central Bank of Nigeria (CBN), has has debunked a recent press release titled “Matters of Urgent Attention” by the Nigerian Economic Summit Group ...
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Central Bank of Nigeria raises agric credit scheme fund to N50bn
The Central Bank of Nigeria disclosed this in a document on Monday entitled ‘Agricultural Credit Guarantee Scheme Fund (Amendment) Act 2019. It stated...
Nigeria’s external reserves increase by $1.36 billion in 13 days
Despite the foreign exchange crisis caused by low crude oil prices and the global coronavirus lockdown, the latest figures from the Central Bank of Ni...
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Naira at N378 to aD ollar as CBN rolls over N47.6bn NTB
The Nigerian currency on Tuesday strengthened slightly against the US dollar across foreign exchange markets. At the Bureau De Change (BDC) segment an...
Nigeria’s central bank returns N60 billion excess charges by banks to customers
The Central Bank of Nigeria (CBN) said it has recovered over N60 billion excess charges imposed by banks on customers and returned the money to the ow...
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Nigeria’s president Buhari “orders” Central Bank to stop providing FX for food
Nigeria’s President Muhammadu Buhari has told the central bank to stop providing funding for food imports, his spokesman said in a statement on Tuesda...
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Nigeria’s central bank awards financial services licence to MTN subsidiary
A subsidiary of MTN Nigeria has been awarded a licence by the country’s central bank that would allow it to provide financial services, the telecoms f...
BREAKING: Nigeria’s Central Bank confirms license of three new banks in Nigeria
The Central Bank of Nigeria (CBN) has finally confirmed the licensing of three new banks. This is revealed in the information obtained from the websit...
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Nigeria’s Central Bank to ban $1.2b yearly ForEx for milk, other dairy products
Central Bank of Nigeria (CBN) might have concluded plans to add milk and other dairy products to items on the foreign exchange restriction list with a...