Central Bank of Nigeria News – Page 5 of 24

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Dollar Rate Up 47% Since CBN Banned Forex Sales To Black Market Sellers

The foreign exchange (forex) rate between the Naira and the Dollar has increased by 47 per cent since the Central Bank of Nigeria (CBN) banned the sales of FX to the black

Fakoyejo Olalekan

2 years ago

Emefiele Settles For Plea Bargain In N6.9bn Procurement Fraud Case

Business

CBN Receives New Redesigned Naira Notes From NSPMC, Tackles Panic Merchants

The spokesman of the Central Bank of Nigeria (CBN), Isa Abdulmumim, has denied reports that the financial regulator plans to phase out the redesigned Naira notes. Abdulmumim said the CBN will continue

Fakoyejo Olalekan

2 years ago

Business

CBN’s Former Deputy Gov, Moghalu, Lists Problems Affecting Nigeria’s Growth

The former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, said the difficult business environment is affecting Nigeria. He said most things that work in the country are operated

Fakoyejo Olalekan

2 years ago

Shareholders Remember Wigwe, Others At Access Holdings Annual General Meeting

Business

CBN Fines Access Bank N604 million For Breaching 3 Regulatory Orders

The Central Bank of Nigeria (CBN) fined Access Bank N604 million for wrong account opening with mismatched details, breaching foreign exchange (forex) guidelines and one other contravention. Prime Business Africa learnt CBN

Fakoyejo Olalekan

2 years ago

Business

Nigerian Banks Earn N135.52 Trillion From CBN’s Naira Policy, E-Payments

The value of electronic payment transactions grew by 298 per cent year-on-year in the first quarter of 2023, thanks to the Naira policy of the Central Bank of Nigeria (CBN), led by

Fakoyejo Olalekan

2 years ago

Business·Currency

Official Market’s Foreign Exchange Dealers Reduce Dollar Rate

The official market’s foreign exchange rate closed at ₦462.50 kobo on Wednesday, 19 April 2023, as the Dollar loses ground to the Naira. Nigeria’s currency grew in value by 0.16 per cent

Fakoyejo Olalekan

2 years ago

Business

CBN Fines Union Bank N200 million For Cryptocurrency Trading

Union Bank of Nigeria (UBN) has been penalised by Nigeria’s financial regulator, the Central Bank of Nigeria (CBN), for enabling cryptocurrency trading. According to the commercial bank’s financial statements for the period

Fakoyejo Olalekan

2 years ago

Business·Currency

Cash In Circulation Up By N701.4 billion, Emefiele’s CBN Loses Control Again

The Central Bank of Nigeria (CBN) has revealed that the currency in circulation increased by N701.4 billion within one month. According to the central bank’s money and credit statistics, the currency in

Fakoyejo Olalekan

2 years ago

Business

World Bank Says CBN’s Naira Redesign Policy Affects Poverty Reduction In Nigeria

The World Bank said the Naira redesign policy of the Central Bank of Nigeria (CBN) hampered the growth of Nigeria’s economy. According to the financial body, the CBN’s Naira redesign policy has

Fakoyejo Olalekan

2 years ago

Business·Currency

Naira to Dollar Rate Today: Dollar Rate Rises In CBN-Backed Forex Market

The foreign exchange (Forex) rate in the official market settled at ₦464 per Dollar on Friday, 14 April 2023, as the United States currency increased in value. Prime Business Africa learnt from

Fakoyejo Olalekan

2 years ago

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Central Bank of Nigeria News - Page 5

Dollar Rate Up 47% Since CBN Banned Forex Sales To Black Market Sellers

CBN Receives New Redesigned Naira Notes From NSPMC, Tackles Panic Merchants

CBN’s Former Deputy Gov, Moghalu, Lists Problems Affecting Nigeria’s Growth

CBN Fines Access Bank N604 million For Breaching 3 Regulatory Orders

Nigerian Banks Earn N135.52 Trillion From CBN’s Naira Policy, E-Payments

Official Market’s Foreign Exchange Dealers Reduce Dollar Rate

CBN Fines Union Bank N200 million For Cryptocurrency Trading

Cash In Circulation Up By N701.4 billion, Emefiele’s CBN Loses Control Again

World Bank Says CBN’s Naira Redesign Policy Affects Poverty Reduction In Nigeria

Naira to Dollar Rate Today: Dollar Rate Rises In CBN-Backed Forex Market

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