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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
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 to DisCos.
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).
Nigeria's failure to meet World Bank conditions means the loans might not be disbursed till end of the year.
This entity will be co-owned by the CBN, AFC and the NSIA.
The emails continue explaining the challenges they are facing sourcing forex.
Nigeria’s exchange rate at the NAFEX window appreciated closing at N385.83 during intraday trading on Thursday, August 13,...
This is seen as part of measures by the apex bank to curb the rise in non-performing loans.