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April 17, 2021

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    HomeTag: Central Bank of Nigeria

    Central Bank of Nigeria

    News

    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...

    • November 17, 2020
    News

    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 ...

    • September 10, 2020
    AgricultureIndustryNews

    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...

    • September 1, 2020
    News

    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...

    • May 14, 2020
    News

    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...

    • March 18, 2020
    News

    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...

    • February 23, 2020
    EconomyNews

    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...

    • August 14, 2019
    News

    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...

    • July 30, 2019
    BankingEconomyIndustryNews

    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...

    • July 23, 2019
    EconomyNews

    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...

    • July 22, 2019
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