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CBN
The Central Bank of Nigeria has asked Deposit Money Banks and Other Financial Institutions in the country to increase monitoring of transactions of businesses and persons in and from Cameroon, Croatia and Vietnam.
The President of the Senate, Godswill Akpabio, assured foreign investors of the safety of their investments in Nigeria, adding that the managed float of the CBN will ensure exchange rate stability for their investments.
The Nigerian Communications Commission (NCC) has said that investments in the country’s telecom industry comprising foreign direct investment (FDI) and local investment, has reached $75.6 billion as of 2021.
Foreign exchange traders at the official investor and exporter window have raised concerns about the persistent trade of forex at an intra-day low and highs
The Nigeria Data Protection Commission (NDPC) said the Central Bank of Nigeria (CBN)'s new directive to banks to obtain social media handles of their customers as part of enhanced Customer Due Diligence (CDD) regulations is against the law.
RedTech CEO, Emmanuel Ojo has said that the recent naira float by the Central Bank of Nigeria would help attract more foreign investors into the fintech space.
The Association of Capital Market Academics of Nigeria (ACMAN) suggests that the Central Bank of Nigeria (CBN) should raise the Monetary Policy Rate (MPR) above the current 18.5% to support the Naira float and attract foreign capital inflows.
SERAP has urged the acting Governor of the CBN, Mr Folashodun Shonubi, to “immediately delete the patently unlawful provisions in the Central Bank of Nigeria (Customer Due Diligence) Regulations directing banks to obtain information on customers’ social media handles for the purpose of identification.”
Mr Kingsley Moghalu criticized the performance of suspended CBN Governor, Mr Godwin Emefiele, and even questioned his suitability for the job.
The recent unification of the foreign exchange rate by the Central Bank has significantly impacted the external debt burden.
The suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Tuesday, dragged the Department of State Services (DSS) before the Federal Capital Territory High Court in Abuja, challenging his detention.
The recent directives issued by the Central Bank of Nigeria (CBN) has provide further guidance to Deposit Money Banks (DMBs) on operational changes in the foreign exchange market.