CBN will sanction IMTOs for exchange rate pricing violations - International Monetary Transfer Operators (IMTOs) have violated foreign exchange (FX) rate pricing, according to the Central Bank of Nigeria (CBN). CBN ...
News summary: The naira depreciated against the US dollar in the peer-to-peer window of the foreign exchange market but appreciated in the Investors and Exporters window and the black market. ...
CBN clarifies reports on Plan To Stop Sale Of FOREX To Banks - Central Bank of Nigeria (CBN) has shed more light on reports of plans to stop foreign exchange to ...
CBN may Sanction Microfinance Banks for illegal Forex Trading - The Central Bank of Nigeria (CBN) has threatened to sanction and revoke the licences of microfinance banks found to be engaged ...
Banks Lament Fraudulent Forex Requests by Customers - The Bankers’ Committee has expressed concern over the fraudulent demands for foreign exchange (forex) by bank customers. The committee at the end of ...
Naira Now N508/$1 at Unregulated FX Market as Pressure Eases - The value of the Naira against the United States Dollar at the black market has further strengthened to N508/$1, Financial Watch reports. ...
Nigeria’s central bank to monitor banks’ foreign exchange sale to customers - The Central Bank of Nigeria’s (CBN‘s) has assured the public that it will monitor commercial banks to ensure they ...
Nigerian Manufacturers says Single Forex Window will Eliminate Middlemen Excesses - The Manufacturers Association of Nigeria (MAN) has expressed hope in the recent forex policy instituted by the Central Bank of ...
Nigerian Banks Woo Customers with Forex, Sell Dollar at N412 - Deposit Money Banks (DMBs) are beginning to encourage customers to come to them for their foreign exchange (forex) needs in ...
Nigeria’s Central bank assures No Plan to Covert Forex in domiciliary Accounts - The Central Bank of Nigeria (CBN) says there are no plans to convert forex in domiciliary accounts of ...
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