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CBN
Godwin Emefiele, the CBN Governor has reiterated the reason why Nigeria must cease dependence on crude oil earnings.
The CBN Governor has disclosed the reason the apex bank amended the procedures for receipt of diaspora remittances into the country.
The CBN has stated that it is expecting an estimated $24 billion annually from diaspora remittances.
The naira appreciated against the dollar to close at N470/$1 on Thursday at the black market.
Ecobank Nigeria has assured its customers that they can now receive transfers from the diaspora in dollars.
The Naira appreciated against the dollar, closing at N485/$1 at the parallel market on Wednesday, December 2.
CBN issues update on how dollar transfers from friends and family living abroad should be paid
The Central Bank of Nigeria has announced the introduction of a Special Bill with unique features.
The Naira remained stable at over 3-year low against the dollar, closing at N500/$1 at the parallel market on Monday
To save the naira, CBN now allows diaspora remittances to be withdrawn dollar cash.
The CBN has issued a new circular explaining how domiciliary accounts should be used.
The CBN has insisted that it will continue with its monetary policy measures towards the stock market in efforts to resuscitate the economy.