Central Bank of Nigeria News – Page 20 of 24

CBN’s ‘Naira 4 Dollar Scheme’ Generates $2.4 billion Diaspora Remittances

The ‘Naira 4 Dollar Scheme’ created by the Central Bank of Nigeria (CBN) in 2021, attracted $2.4 billion in diaspora remittances within eight months, surpassing the figure reported last year. According to

Fakoyejo Olalekan

2 years ago

Business

CBN’s Godwin Emefiele Unveils New USSD Code For eNaira 10 Months After Launch

The Central Bank of Nigeria (CBN) has revealed *997# as the Unstructured Supplementary Service Data (USSD) code for the eNaira. The apex bank said the new code will increase the possibilities of

Fakoyejo Olalekan

2 years ago

Business·Currency

Dollar To Naira Exchange Rate: BDC Operators Increase Dollar Rates After CBN Snub

August 24, 2022 Dollar Rates Update: Bureau De Change (BDC) operators increased Dollar rates on Tuesday, as demand for the United States currency outweighs supply in the black market and official forex

Fakoyejo Olalekan

2 years ago

CBN Places Service Restriction On PoS Agents Across Nigeria

Business

Nigeria’s Central Bank Reverses COVID-19 Loan Interest To 9%

The Central Bank of Nigeria (CBN) has reversed the interest rate on intervention loan extended towards small, medium and large scale companies to alleviate COVID-19 impact on their operation. CBN restored the

Fakoyejo Olalekan

2 years ago

Business

CBN’s Godwin Emefiele Increases Savings Interest Rate – How It Affects Nigerians, Inflation

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has increased interest rate on savings account, as the apex bank said Nigeria’s economy has returned to normalcy. In a circular

Fakoyejo Olalekan

2 years ago

Business

CBN’s Move To Defend Naira Against Dollar Affects External Reserves, Drops $337 million In Two Weeks

The Central Bank of Nigeria (CBN) has taken foreign exchange out of the external reserves to defend the naira against the dollar, resulting to the reserves depleting by $337 million. According to

Fakoyejo Olalekan

2 years ago

Governor of Nigerias Central Bank Godwin Emefiele

Business

CBN’s Emefiele Defends Rising Debt Under Buhari, As World Bank Ranks Nigeria Fourth Chronic Debtor

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has defended the rising debt under President Muhammadu Buhari, stating that borrowing is an essential part of running a government. Emefiele

Fakoyejo Olalekan

2 years ago

Business

Nigerians Bypass CBN’s Dollar Ban To Import N385 billion Worth Of Sugar

Despite the Central Bank of Nigeria (CBN) placing sugar in the restriction list of the foreign exchange, the country imported N385 billion worth of the commodity in the first half of 2022.

Fakoyejo Olalekan

2 years ago

Business·Currency

Black Market Dollar To Naira Exchange Rate: Bureau De Change Operators Raise Dollar Rate After Advice To CBN

August 8, 2022 Dollar Rate Update: On the Investors and Exporters window, the naira closed flat at N430 to one dollar on Friday, maintaining the same selling price traders offered the United

Fakoyejo Olalekan

2 years ago

Business

Polaris Bank’s Management Addresses Planned Sale Of Company To Private Investors

Polaris Bank has described reports that the financial institution is set to be sold to a commercial farmer and the Sarkin Sudan of Gombe State, Auwal Lawan Abdullahi, as speculative. In a

Fakoyejo Olalekan

2 years ago

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Central Bank of Nigeria News - Page 20

CBN’s ‘Naira 4 Dollar Scheme’ Generates $2.4 billion Diaspora Remittances

CBN’s Godwin Emefiele Unveils New USSD Code For eNaira 10 Months After Launch

Dollar To Naira Exchange Rate: BDC Operators Increase Dollar Rates After CBN Snub

Nigeria’s Central Bank Reverses COVID-19 Loan Interest To 9%

CBN’s Godwin Emefiele Increases Savings Interest Rate – How It Affects Nigerians, Inflation

CBN’s Move To Defend Naira Against Dollar Affects External Reserves, Drops $337 million In Two Weeks

CBN’s Emefiele Defends Rising Debt Under Buhari, As World Bank Ranks Nigeria Fourth Chronic Debtor

Nigerians Bypass CBN’s Dollar Ban To Import N385 billion Worth Of Sugar

Black Market Dollar To Naira Exchange Rate: Bureau De Change Operators Raise Dollar Rate After Advice To CBN

Polaris Bank’s Management Addresses Planned Sale Of Company To Private Investors

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