Nigeria’s reserves drops by $1.4bn in two months
Nigeria’s external reserves drop by $1.4bn in two months, falling from $35.25bn as of April 16, to $34.23bn as of May 31 and $33.85bn as…
World Bank advises CBN to adopt clear forex policy
The World Bank on Tuesday advised the Central Bank of Nigeria (CBN) to provide a clearer and more predictable foreign exchange (forex) management policy for…
CBN to freeze 194 bank accounts Of Bureau De Change firms, others
The Central Bank of Nigeria (CBN) is set to freeze 194 bank accounts owned by Bureaux de Change firms and other organisations so as to conduct investigations into suspicious activities.
CBN introduces new USSD charges for customers
The Central Bank of Nigeria (CBN) has introduced new charges for customers using the Unstructured Supplementary Service Data (USSD) services.
Court orders CBN to unfreeze #EndSars Promoters’ accounts
The Federal High Court, Abuja, on Wednesday, ordered the Central Bank of Nigeria (CBN) to unfreeze the bank accounts of the 20 #EndSARS promoters.
CBN issues warning on Azimo, Transfer Wise, says firms are not registered IMTOs
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).
CBN removes restriction on forex receipt through domiciliary accounts
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.
Ministry of Mines denies claims of CBN buying gold from Zamfara state govt
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…
Naira closes at N362 as CBN injects $547m
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…
CBN injects $482.6m into forex market, naira gains
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…
CBN introduces new FX rates
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…
Entertainment | Events | Lifestyle | Money | Social Issues
Women arrested for selling Naira notes to ‘Spray’ at parties in Lagos (Photo)
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…
Business | Money | News | Politics | Social Issues
Treasury Single Account (TSA) : FG nets N5.244trn
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…
Business | Career | News | Politics | Social Issues
$28.9b reserves: CBN warns against reckless forex spending
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…
Career | News | Politics | Social Issues
MMM founder explains its benefit to the Nigerian Government
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…
CBN approves special forex intervention for airlines
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…
CBN stops banks from sacking workers
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…
Career | News | Politics | Social Issues
Banks reject cheques issuance to savings account users
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…