Tag
CBN
The Central Bank of Nigeria has assured Nigerians of sufficient stock of currency notes at its disposal and dispelled rumours of scarcity of cash in banks and ATMs across the country.
Reports reaching Nairametrics indicate the central bank has “cleared” forex backlogs of banks and airlines.
The chairman of Air Peace, Mr. Allen Onyema has said that the airline’s $14 million is still being held by the Central Bank of Nigeria (CBN), six months after lodgment.
The Nigerian naira has once again surpassed a key black market resistance level, settling at N1,170 against the greenback, as the US Fed prepares to announce its interest rate decision later today.
The Central Bank of Nigeria has clarified that there are no plans to redenominate the country’s currency from January 2024.
Governor Abba Kabir Yusuf request to get a N4 billion loan from the CBN to complete the Tiga Independent Power Plant project.
MASSIVE DROP: Nigeria’s Net Foreign Assets plunges by 91% in September, according to latest CBN data
Nigeria's Net Foreign Assets (NFA) declined by 91.7% to N591 billion according to the information contained in the apex bank's latest monetary data statistics.
The Minister of Finance, Wale Edun, says the federal budget cannot be sustained by the Ways and Means advances from the Central Bank of Nigeria.
The Association of Bureau De Change Operators of Nigeria (ABCON) has maintained that BDCs do not need more than the approved N35 million capital base to operate efficiently and profitably.
The past week has been unpleasant for Africa's largest economy's currency as the naira hit a fresh low in the official market.
Forex crisis: BDCs to CBN, allow us carry out online dollar operations, receive diaspora remittances
ABCON) has asked the CBN to allow BDCs to carry out online dollar operations and Point of Sale (POS) agency as part of measures to boost liquidity in the forex market and ensure exchange rate liquidity.
The recent lifting of foreign exchange restrictions on 43 items by the Central Bank of Nigeria (CBN) has sparked a debate among financial experts on its expected impact on rising food inflation in the country.