Tag: CBN

FOREX Demand Pressure Crashes Naira by N1.22 at I&E - The Naira came under immense pressure on Friday against the United States Dollar at the Investors and Exporters (I&E) segment of ...

Nigerian Naira Weakens by 0.12% at Official Window - The Nigerian Naira weakened against the US Dollar at the Investors and Exporters (I&E) segment of the foreign exchange (forex) market on ...

FX website, AbokiFX says it will temporarily suspend rates update amid CBN crackdown - AbokiFX, an online foreign exchange rate website, has said it will temporarily suspend rates on all its ...

Naira Sells N413.07/$1 at I&E, N570/$1 at Black Market - As observers await a possible policy action from the Central Bank of Nigeria (CBN) on Friday just like it happened on July ...

CBN: Nigeria's CBDC 'a Safer Option' Than Privately Issued Cryptocurrencies - As part of the Central Bank of Nigeria (CBN)’s digital currency charm offensive, Folashodun Shonubi, the institution’s deputy governor, has ...

Expectations, doubts greet CBN’s e-naira as October 1 launch date draws near - After four years of researching and seeking perfection for its digital currency, the Central Bank of Nigeria (CBN) ...

CBN warns banks against FX malpractice, threaten sanctions - Nigeria’s apex bank, the Central Bank of Nigeria (CBN), has warned that banks involved in any form of foreign exchange (FX) malpractice ...

Nigeria’s central bank denies converting customers’ domiciliary accounts to naira - The Central Bank of Nigeria (CBN) has said it did not direct banks to convert all customers’ domiciliary accounts into ...

Nigeria’s central bank’s clampdown on fintech firms may hinder investments - Finance and investment analysts at the weekend flayed the Central Bank of Nigeria (CBN)’s decision to freeze the bank accounts ...

CBN places limit of N1m per transaction for microfinance banks loan - The Central Bank of Nigeria (CBN) has pegged maximum loan limit for Microfinance Banks (MfBs) at N1 million per ...