Tag
CBN
The official exchange rate between the naira and the US dollar on Wednesday, February 28th, 2024, appreciated slightly by 0.4% to N1609.51 per US dollar as against the N1615 to a dollar recorded the previous day, according to data published on the FMDQ where forex is officially sold.
Binance, a widely used crypt exchange with over 170 million users worldwide disabled its peer-to-peer feature for Nigerian users.
Nigerian banks are currently pushing their customers to come and link their NIN and BVN as the March deadline fixed by the CBN approaches.
MAN has asked the CBN to work towards reducing the number of Bureau De Change (BDC) operators and develop a sustainable framework.
The digital lending space in Nigeria is attracting more players by the day, leading to a steady increase in the number of loan app companies approved by the Federal Competition and Consumer Protection Commission (FCCPC) and the Central Bank of Nigeria (CBN).
Last week, it was reported that the government instructed the NCC to block some crypto website platforms.
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso has stated that the apex bank has paid another $400 million of valid FX backlog to those who were genuinely identified.
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says himself and his team are not responsible for the current economic woes in the country.
Mr. Olayemi Cardoso, the CBN headmaster, is implementing a strategy involving the removal of subsidies, floating the Naira, and encouraging foreign portfolio investment (FPI). The goal is to stabilize the Naira and create breathing space for the fiscal team to address underlying economic dysfunctions.
The Central Bank of Nigeria (CBN) plans to introduce stringent measures on the purchase of foreign currencies through Bureau De Change (BDC) operators, with a specific focus on transactions related to overseas education and medical expenses.
The naira, week on week, posted some recovery against the haven currency at the unofficial market as CBN set in motion its MPC meeting.
The Central Bank of Nigeria (CBN) is considering banning Bureau De Change (BDC) operators from street trading and limiting the cash payment for selling FX to a maximum of $500.