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Home Tag CBN BDC ban

Tag: CBN BDC ban

Naira, Dollar, FX

CBN sells dollars to BDCs @N1,251/$1 as naira regains strength

The Central Bank of Nigeria has issued a circular to BDCs informing them that they sold $10,000 t0 each BDC ...

Banks warn customers against violation of CBN forex directives

BDC ban working as Forex demand migrates to Deposit money banks – CBN

by Ubah Jeremiah Ifeanyi

January 3, 2022

Deposit money banks have witnessed an increase in foreign exchange demand due to the central bank’s ban of forex sale ...

Nigeria’s manufacturing sector contracts for 5th consecutive month – CBN , To test FX market, CBN pumps $50 million, CBN issues guidelines to Finance Institutions on establishment of Subsidiaries and SPVs, CBN injects $2.63 billion to defend naira in one month, CBN’s COVID-19 N50 billion targeted credit facility, CBN’s heterodox policies buoys credit growth, These industries drove business activities in September, Credit to Nigerian economy falls to N38.67 trillion as private stagnates at N30 trillion, Availability of secured credit to businesses and households increases as unsecured credit to households dips in Q3 2020 - CBN, CBN releases regulatory guidelines on the eNaira

CBN directs banks not to refuse any FX request with proper document, to sanction defaulters

by Abiola Odutola

The Central Bank of Nigeria (CBN) has directed all Deposit Money Banks (DMBs) to ensure that no customer is turned back or refused ...

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