Tag
CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
The Central Bank of Nigeria's implementation of the e-evaluation and e-invoice policy has caused major problems in ports.
The CBN has stated that it is focusing on diversifying the country's economy to avoid problems caused by global oil price changes.
The CBN has rejected Senate's plan to pass a new anti-money laundering legislation without amending the existing Money Laundering (Prevention) Act 2011.
The LCCI has stated that the CBN’s new RT200 FX scheme to get $200 billion in FX repatriation would need additional policies, funding and more.
The CBN has announced that raw produce exporters will no longer be eligible for foreign exchange (forex) rebates.
The CPPE has stated that the CBN's current forex regime would be an obstacle to its goal of $200 billion in FX repatriation.
Experts explore the possibility of what could happen if the CBN stopped the sale of dollars to banks.
A senior executive at the CBN has stated that the apex bank has no immediate plans to ban sale of forex to banks.
The CBN has announced that interest rates on its various intervention facilities had been extended till March 1, 2023.
The CBN has said that its FX policies especially the Naira4Dollar scheme has led to significant improvement in diaspora remittances.
Reps probe CBN over the 45 million accounts that are reported to be holding funds worth over N1.2 billion, which are unlinked to the BVN.
Nigerian entrepreneurs wishing to get funding for their existing businesses or start-ups can apply for CBN's loan.