Dollar will crash further – CBN
Central Bank of Nigeria, CBN, on Sunday reiterated its determination to sustain the provision of foreign exchange to ensure Naira gains...
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Why Naira depreciates despite CBN intervention – Experts
Alhaji Aminu Gwadabe, the President, Association of Bureau De Change Operators of Nigeria (ABCON), has blamed the recent depreciation of...
External reserves hit two-week low as naira weakens
The country’s external reserves fell to a two-week low and the naira eased on the black market on Friday after the Central Bank of...
CBN urges Nigerians to report banks that refuse to sell Forex
The Central Bank of Nigeria (CBN) has urged Nigerians to report any bank that refuses to sell Forex to them at the approved rate within...
CBN to begin sale of Forex to BDCs twice weekly
The Central Bank of Nigeria will begin sale of foreign exchange to Bureau De Change operators twice weekly from Monday. This was...
CBN approves licence for Development Bank of Nigeria
The Central bank of Nigeria (CBN) has approved the grant of a Wholesale Development Finance Institution Licence with national...
Sell 1 dollar at N360 – CBN orders commercial banks
The Central Bank of Nigeria, CBN, on Monday directed all deposit money banks to immediately commence the sale of foreign exchange to...
CBN has capacity to stop Naira from falling out of control – Emefiele
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said its intervention on the value of the Naira is to bring about a...
Naira will appreciate further this week – CBN
The Naira is set to appreciate further this week as the Central Bank of Nigeria (CBN) plans to inject more Foreign Exchange into the...
CBN approves Dollar sale to additional 110 Bureau-de-Change operators
The Central Bank of Nigeria (CBN) has cleared 110 more Bureau-de-Change operators to take part in the weekly dollar sale to boost...
FG tells CBN to extend BVN to Micro-Finance Banks
The Minister of Finance, Mrs Kemi Adeosun, has asked the Central Bank of Nigeria (CBN) to extend Bank Verification Number (BVN)...
How NCC, CBN, banks achieved bail out for Etisalat – Tony Ojobo
Nigerian Communications Commission, NCC, and the Central Bank of Nigeria, CBN, have secured a reprieve for Etisalat, which is facing a...
CBN, NCC move to save Etisalat, invite banks
Executive Vice Chairman of the Nigerian Communications Commission, NCC, Prof. Umar Danbatta and the Central Bank Governor, Godwin...
CBN pumps additional $100m into market
Central Bank of Nigeria (CBN) on Tuesday injected another sum of 100 million dollars into the interbank foreign exchange market to...
NCC insists on quality of service, begs CBN to give operators forex
Worried by the degenerating Quality of Service (QoS) provided by Mobile Network Operators (MNOs) and other service providers, the...
CBN orders banks to meet forex demand within 48 hours
The Central Bank of Nigeria, CBN, has directed Money Deposit Banks to henceforth process and meet the demand for dollars and other...
Forex: Anxiety as CBN prepares to pump more dollars in market
Traders in foreign exchange are anxious following news that the Central Bank of Nigeria, CBN, will this weekend, pump more dollars into...
CBN explains why naira appreciated against dollar, other currencies
The Central Bank of Nigeria said the recent appreciation of the Naira against other currencies was the result of its market monitoring...
Heritage Bank should be shut down – Company tells court, CBN
The Federal High Court in Abuja and the Central Bank of Nigeria (CBN) have been asked to wind up and revoke the operational licence of...
CBN plan to re-introduce charges on transactions anti-people – CACOL
The Centre for Anti-Corruption and Open Leadership, CACOL has condemned the decision of the Central Bank of Nigeria, CBN to reintroduce...
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