AdminApr 2, 20171 min readDollar will crash further – CBNCentral Bank of Nigeria, CBN, on Sunday reiterated its determination to sustain the provision of foreign exchange to ensure Naira gains...
AdminApr 1, 20172 min readWhy Naira depreciates despite CBN intervention – ExpertsAlhaji Aminu Gwadabe, the President, Association of Bureau De Change Operators of Nigeria (ABCON), has blamed the recent depreciation of...
AdminApr 1, 20172 min readExternal reserves hit two-week low as naira weakensThe 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...
AdminApr 1, 20172 min readCBN urges Nigerians to report banks that refuse to sell ForexThe Central Bank of Nigeria (CBN) has urged Nigerians to report any bank that refuses to sell Forex to them at the approved rate within...
AdminMar 31, 20171 min readCBN to begin sale of Forex to BDCs twice weeklyThe Central Bank of Nigeria will begin sale of foreign exchange to Bureau De Change operators twice weekly from Monday. This was...
AdminMar 30, 20172 min readCBN approves licence for Development Bank of NigeriaThe Central bank of Nigeria (CBN) has approved the grant of a Wholesale Development Finance Institution Licence with national...
AdminMar 27, 20171 min readSell 1 dollar at N360 – CBN orders commercial banksThe Central Bank of Nigeria, CBN, on Monday directed all deposit money banks to immediately commence the sale of foreign exchange to...
AdminMar 22, 20172 min readCBN has capacity to stop Naira from falling out of control – EmefieleGovernor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said its intervention on the value of the Naira is to bring about a...
AdminMar 20, 20171 min readNaira will appreciate further this week – CBNThe Naira is set to appreciate further this week as the Central Bank of Nigeria (CBN) plans to inject more Foreign Exchange into the...
AdminMar 16, 20171 min readCBN approves Dollar sale to additional 110 Bureau-de-Change operatorsThe Central Bank of Nigeria (CBN) has cleared 110 more Bureau-de-Change operators to take part in the weekly dollar sale to boost...
AdminMar 13, 20172 min readFG tells CBN to extend BVN to Micro-Finance BanksThe Minister of Finance, Mrs Kemi Adeosun, has asked the Central Bank of Nigeria (CBN) to extend Bank Verification Number (BVN)...
AdminMar 12, 20172 min readHow NCC, CBN, banks achieved bail out for Etisalat – Tony OjoboNigerian Communications Commission, NCC, and the Central Bank of Nigeria, CBN, have secured a reprieve for Etisalat, which is facing a...
AdminMar 9, 20171 min readCBN, NCC move to save Etisalat, invite banksExecutive Vice Chairman of the Nigerian Communications Commission, NCC, Prof. Umar Danbatta and the Central Bank Governor, Godwin...
AdminMar 7, 20171 min readCBN pumps additional $100m into marketCentral Bank of Nigeria (CBN) on Tuesday injected another sum of 100 million dollars into the interbank foreign exchange market to...
AdminMar 6, 20172 min readNCC insists on quality of service, begs CBN to give operators forexWorried by the degenerating Quality of Service (QoS) provided by Mobile Network Operators (MNOs) and other service providers, the...
AdminMar 6, 20171 min readCBN orders banks to meet forex demand within 48 hoursThe Central Bank of Nigeria, CBN, has directed Money Deposit Banks to henceforth process and meet the demand for dollars and other...
AdminMar 3, 20171 min readForex: Anxiety as CBN prepares to pump more dollars in marketTraders in foreign exchange are anxious following news that the Central Bank of Nigeria, CBN, will this weekend, pump more dollars into...
AdminMar 2, 20172 min readCBN explains why naira appreciated against dollar, other currenciesThe Central Bank of Nigeria said the recent appreciation of the Naira against other currencies was the result of its market monitoring...
AdminMar 1, 20172 min readHeritage Bank should be shut down – Company tells court, CBNThe Federal High Court in Abuja and the Central Bank of Nigeria (CBN) have been asked to wind up and revoke the operational licence of...
AdminFeb 27, 20172 min readCBN plan to re-introduce charges on transactions anti-people – CACOLThe Centre for Anti-Corruption and Open Leadership, CACOL has condemned the decision of the Central Bank of Nigeria, CBN to reintroduce...
