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CBN
The CBN has been clamping down on businesses and individuals with suspicious bank transactions.
The meeting was adjourned to Wednesday after the Tuesday discussions on the issues surrounding the commercial dispute were inconclusive.
The exchange rate between the naira and the US Dollar closed at N409.3/$1 at the I&E window as oil prices closed negative.
The new cheque leaflet has the following additional features: Expiry date, two-digit security code, QR code and standard dating format.
What even the untrained eye can see is that a “weaker” Naira is good for the FGN as it allows her to close her budget deficits by earning more Naira.
The naira appreciated marginally at the parallel market, as it closed at N485/$1.
https://www.youtube.com/watch?v=kSYl81CP-7Q
Nigeria's CBN has recorded a 7 fold increase in remittances since it introduced the Naira4Dollar scheme.
Emefiele while addressing the media on Tuesday stated that Nigeria's growing food inflation is caused due to worsening security challenges.
The CBN has reacted to claims that the Federal Government has adopted a flexible exchange rate for its transactions.
In its second MPC meeting of 2021, CBN votes to retain MPR at 11.5% and other parameters constant
CBN has listed the 47 approved International Money Transfer Operators in the country.