CBN Governor shatters BDC operators’ hope of ban reversal
The Governor of the Central Bank of Nigeria has stated that the only rate he recognises is the I&E window ...
Tag: forex
Why AbokiFX is being investigated for “Economic Sabotage”
...Company is said to be owned by one man with multiple bank accounts… Information reaching Nairametrics confirms owner of online ...
As Naira crashes to N545/$1, BDC operators urge CBN to collaborate
The Association of Bureau De Change Operators of Nigeria (ABCON) has stated that the Central Bank of Nigeria (CBN) must ...
CBN to infuse more dollars through banks to improve forex supply
The Central Bank of Nigeria (CBN) has announced that it will inject extra dollars into approved banks in order to ...
Banks begin enforcement of CBN forex directive, order travelers to return unused forex
Some deposit money banks acting on the directive of the Central Bank of Nigeria (CBN) have sent notices to their ...
CBN directs banks to publish names of foreign exchange defaulters
All commercial banks have been ordered by the Central Bank of Nigeria (CBN) to publish on their websites, the names ...
Banks warn customers against violation of CBN forex directives
Nigerian banks have warned that customers who do not comply with the new foreign exchange policy may face criminal prosecution ...
Nigeria’s foreign reserve rises by $79.1 million in July 2021
Since the external reserve started recording consistent positive growth, the reserve has gained $314.7 million in 12 days.
CBN denies report of plans to convert customers’ foreign currency account to naira
The CBN has dismissed reports of its planned conversion of foreign exchange in domiciliary accounts of bank customers into naira.
Fear rises over possible conversion of Dollars in domiciliary accounts into Naira
There is palpable concern that the CBN could consider converting dollars in domiciliary accounts of banks held on behalf of ...
