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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
Atiku has called on the FG to revisit the recent policy banning the transaction of cryptos in Nigeria's financial institutions.
The CBN has announced its intention of restructuring the Nigerian Commodities Exchange (NCX).
The exchange rate between the naira and the dollar depreciated closing at N394.50/$1 at the NAFEX Window.
From January 31, 2021, the CBN will bar exporters who fail to repatriate export proceeds from accessing banking services.
The CN has announced plans to discontinue the use of old cheque books with effect from March 31, 2021.
The new circular explains who diaspora remittances are to be paid to beneficiaries in Nigeria only in foreign currency and not naira.
The CBN has disbursed the sum of N10billion to Kano companies affected by the pandemic.
Pressure on FX will continue in 2021 as a result of thin reserve buffers and recovering domestic demands.
CBN has issued a framework that would guide Quick response (QR) code payments in Nigeria.
CBN has issued a regulatory Sandbox framework towards engaging with the operators in the Fintech space.
To fund the 2020 budget, FG borrowed N2.8 trillion from CBN
Ex-MD of Finbank and three other directors have been sentenced to varying degrees of imprisonment over theft and illegal conversion of N10.9 million.