CBN Kickstarts Strategy To Double Forex Remittances
The Central Bank of Nigeria (CBN) has activated plans to double foreign-currency remittance flows through formal channels by granting Approval-in-Principle ...
Tag: CBN
Again, CBN Raises Import Duty FX As Naira Depreciates
As naira continued its downward trends in the Nigerian Autonomous Foreign Exchange Market (NAFEM) against major currencies especially the United ...
CBN’s Rate Hike: PFAs Shift Focus To Treasury Bills, Invest N193bn
The recent hike in the monetary policy rate (MPR) by 600 basis points so far in the current year to ...
JUST-IN: Reps Order CBN To Suspend Cybersecurity Levy
The House of Representatives has directed the Central Bank of Nigeria (CBN) to halt the proposed implementation of the cybercrimes ...
Northern Elders Forum Opposes CBN’s Cybersecurity Levy
The Northern Elders Forum (NEF) has added to the ranks of opposition to the recently announced cybersecurity levy on bank ...
CBN’s Cybersecurity Levy Heartless, Unacceptable, Say Northern Groups
The Coalition of Northern Groups (CNG) has strongly rejected the proposed imposition of 0.5% cybersecurity levy on every electronic transaction ...
CBN Suspends Charges On Bank Deposits Till September
The Central Bank of Nigeria has directed banks to stop charges on cash deposits until September 30, 2024. The apex ...
CBN Clarifies IOCs 50% Oil & Gas Export Proceeds Repatriation Guidelines
The Central Bank of Nigeria (CBN) has issued further details on the circular pertaining to the cash pooling of repatriated ...
Naira Rallies To N1,350/$1 On CBN Expected Forex Inflow
The naira on Tuesday steadied at 1,350 per US dollar on the parallel market, popularly called black market. On Monday ...
CBN’s Fresh Dollar Sales To BDCs Boost Naira To N1,250/$1
The Central Bank of Nigeria (CBN) has initiated the sale of $10,000 each to Bureau De Change (BDC) operators, offering ...