CBN grants banks approval to trade idle FX deposits from ‘designated domiciliary’ accounts
The Central Bank of Nigeria (CBN) has given the green light to commercial, merchant, and non-interest banks operating in Nigeria ...
Tag: foreign currency
FG launches 9-month window to allow Nigerians deposit undisclosed foreign currencies in banks
The Federal Government of Nigeria has launched a 9-month window for Voluntary Currency Disclosure, Depositing, Repatriation, and Investment Scheme, also ...
Naira decline drags Guinness Nigeria to net loss of N61.7 billion
Guinness Nigeria Plc has released its unaudited financial report for the nine-month period concluding on March 31, 2024. The report ...
Analysts cheer CBN’s ban on foreign currency collateral for Naira loans
CBN's ban on foreign currency collateral garners analyst support for economic stability and FX liquidity boost
Egypt allocates $2.6bn for bread subsidies in 2024/2025 budget
Egypt will allocate $2.66bn for bread subsidies in its 2024/2025 Budget and $3.13 billion in petroleum products subsidies according to ...
CBN to Banks: Don’t pay dividends with FX gains in 2024
The Central Bank of Nigeria (CBN) has reiterated its position on how banks utilize their FX revaluation gains referencing a ...
How to open a domiciliary account in Nigeria
You can easily open a dom account with most Nigerian banks.
Official data reveals massive shortage of forex inflows via the CBN in 2020
A total of $43 billion flowed out of the CBN in foreign currencies as remittances faltered all through.
