The exchange rate would return to N423/$1- Bankers Committee
The Bankers Committee has assured Nigerians that the exchange rate will drop to around N423 to a dollar. The Committee ...
Tag: CBN
Naira falls to N525/$1 at black market as dollar scarcity hits BDCs
The exchange between the naira and the US dollar has dropped to as low as N525/$1 at the black market ...
CBN moves against forex speculation, releases $200 million to banks
The Central Bank of Nigeria (CBN) on Tuesday allocated a total of $200 million to all commercial banks in the ...
CBN disburses N156.33 billion to DisCos, others to boost power supply
The Central Bank of Nigeria (CBN) has disbursed N156.33 billion to Distribution Companies (DisCos) to boost electricity supply in the ...
CBN will only supply forex to banks
Nigeria's central bank governor, Godwin Emefiele has informed the public that the central bank would discontinue the sale of dollars ...
CBN stops issuance of new licenses to BDCs
The Central Bank of Nigeria (CBN) has said it will henceforth stop the licensing of new Bureau De Change (BDC) ...
CBN blows hot, bans sale of forex to BDCs
The Central Bank of Nigeria has hit at the Bureau De Change (BDC) for illegal forex trading and will henceforth ...
MPC votes to retain benchmark interest rate at 11.5%, hold other parameters constant
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has voted unanimously to retain the Monetary Policy ...
Telcos fault CBN on new framework, wants to drive mobile money services
The stakeholders insist that mobile money services should be driven by telcos, as against what is prescribed by the CBN.
CBN partners stakeholders to curb cybercrimes
The CBN has partnered with some cybersecurity stakeholders to launch a new cyber awareness campaign tagged, ‘#NoGoFallMaga’.
