For most speculators who bought forex at less than N400/$1, they are pondering whether to sell
Payment Service Banks facilitates sending remittances across the country from one user to another, bypassing the banks.
Information gathered by Nairametrics reveals about 17 banks had their vaults debited by the apex bank in CRR sequesters.
The 3 Payment Service Banks are Hope PSB, Moneymaster PSB and 9 PSB.
The CBN has directed the resumption of forex to BDCs.
The CBN has directed BDCs to adopt an exchange rate of N386/$1.
The CBN has directed banks to submit details of all the exporters who have failed to repatriate their export proceeds.
The apex bank instructed all DisCo collections and remittances of the DisCos to both NBET and TCN will now be the responsibility of banks providing guarantees...
One of CBN's roles as a policymaker in the agro-sector is to protect the farmers' economy and livelihood.
The document stated that the credit was stimulated by the policy on Loan-to-Deposit Ratio (LDR).