The Central Bank of Nigeria (CBN) has issued a red alert on London-based online money transfer providers, Azimo and Transfer Wise, saying the two firms had not been licensed by the regulator as International Money Transfer Operators (IMTOs).
Beneficiaries of Diaspora remittances through International Money Transfer Operators (IMTOs) shall henceforth receive such inflows in the foreign currency (US Dollars) through the designated bank of their choice, the Central Bank of Nigeria (CBN) has directed.
The Ministry of Mines and Steel Development, Thursday, debunked claims over the alleged sale of gold by the Governor of Zamfara State, Bello Matawalle, to…
In anticipation of Sallah holiday, the Central Bank of Nigeria (CBN) on Thursday raised the total intervention for the week to 547 million dollars as…
The Central Bank of Nigeria, CBN, on Tuesday cushion the economy by injecting a total of $482.6 million into the foreign exchange market. According to…
The Central Bank of Nigeria on Monday introduced new Forex rates and would no longer trade the naira at N375 per dollar for invisibles, such…
Police, in conjunction with the Central Bank of Nigeria (CBN), have arrested 12 women for selling naira notes in parts of Lagos State. The women…
The Federal Government of Nigeria realised a whopping N5.244 trillion as at February 10, 2017 following the implementation of Treasury Single Account (TSA) over the…
With Nigeria’s foreign reserve standing at $28.9 billion, the Central Bank of Nigeria (CBN) has warned against reckless depletion of the kitty. Addressing reporters at…
Recall the the Securities and Exchange Commission (SEC)and the Central Bank of Nigeria (CBN) had warned Nigerians against participating in the scheme which it described…
The Central Bank of Nigeria has approved a Special Secondary Market Intervention Retail Sales for airlines operating in the country to enable them to access…
The Central Bank of Nigeria, CBN, has reassured bank workers they won’t lose their jobs, Tokunbo Martins, CBN’s Director, Banking Supervision, made this known at…
Deposit Money Banks (DMBs) are yet to comply with the Central Bank of Nigeria (CBN) directive that they allow cheques payments into savings accounts. The…
Central Bank of Nigeria (CBN) Governor Godwin Emefiele has come a piece of good news on the recession-hit economy. “We have turned the bend,” he…
Following the plea made by the Body of Bank CEOs asking the Central Bank of Nigeria (CBN) to lift the suspension of eight banks barred…
The Central Bank of Nigeria, CBN has denied reports that prospective Muslims pilgrims were granted concessionary foreign exchange rate for the 2016 pilgrimage. This is…
The Central Bank of Nigeria, CBN, on Thursday, directed banks and authorised forex dealers to sell the Pilgrims Travelling Allowance, PTA, to intending pilgrims at…
The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, has announced that the Monetary Policy Committee(MPC) voted to raise its Monetary Policy Rate (MPR) to…
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