CBN’s sale of interbank FX to BDCs will tame Nigeria’s inflation – ABCON
The Association of Bureau De Change Operators of Nigeria (ABCON) has commended the Central Bank of Nigeria (CBN) for lifting ...
Tag: CBN
CBN permits BDCs to buy up to $25,000 FX weekly from NFEM
The CBN has granted BDC operators temporary permission to purchase up to $25,000 weekly in foreign exchange (FX) from the ...
CBN’s N100,000 daily withdrawal limit sparks outcry from POS operators across Nigeria
The Central Bank of Nigeria (CBN) has recently implemented a directive imposing a daily withdrawal limit of N100,000 for individuals, ...
CBN sets daily cash-out limit for POS transactions at N100,000 per customer
The Central Bank of Nigeria (CBN) has introduced a daily transaction limit of N100,000 per customer for cash-out transactions conducted ...
CBN imposes N150 million fine on banks for illicit mint naira transactions
The Central Bank of Nigeria (CBN) has taken a firm stance against the illegal flow of freshly minted naira notes ...
All Naira notes remain legal tender indefinitely – CBN
The Central Bank of Nigeria (CBN) has reaffirmed that all denominations of Naira banknotes, including old and new designs, will ...
Forex market: BDC operators warn that speculators will resist naira appreciation
Currency traders under the aegis of the Association of Bureau De Change Operators of Nigeria (ABCON) have warned that forex ...
New CBN guidelines: BDC operators say buying forex from authorized dealers is not automatic
Forex traders under the aegis of the Association of Bureau De Change Operators of Nigeria (ABCON) say the permission of ...
CBN launches new website, to go live on December 2, 2024
The Central Bank of Nigeria (CBN) has announced the launch of its newly redesigned website, www.cbn.gov.ng, which is scheduled to ...
New CBN guidelines allow BDC to buy forex directly from Authorized Dealers
The Central Bank of Nigeria (CBN) has revised its guidelines, permitting licensed Bureaux de Change (BDCs) to purchase foreign exchange ...
