CBN Makes 1st Forex Market Intervention In 5 Months, Sells $86m
The Central Bank of Nigeria (CBN) intervened in the foreign exchange market for the first time in five months, to ...
Tag: Central Bank of Nigeria (CBN)
Again, CBN Increases Customs Duty On Cargo Clearance
The Central Bank of Nigeria (CBN) has for the third time this year, increased the exchange rate for calculating customs ...
Foreign Airlines Applaud CBN Over Clearance Of Trapped Funds
Foreign Airlines have applauded the Central Bank of Nigeria (CBN) for clearing the backlog of Forex owed to airlines operating ...
CBN Moves To Stop Forex Speculation, Hoarding By Banks
The Central Bank of Nigeria (CBN) has issued a new circular on reporting foreign currency exposure to all banks to ...
CBN Restricts Banks’ FX Holdings Amid Naira Tumble
The Central Bank of Nigeria (CBN) has imposed limits on how much banks can hold in foreign currencies on Wednesday, ...
Naira: Official Market Records Highest Rate At N1,513/$
Despite the Central Bank of Nigeira (CBN) clearing off the verified backlog of foreign exchange claims owed foreign airlines ...
CBN Warns Forex Traders Against Misreporting Transactions
The Central Bank of Nigeria (CBN) has asked all authorised dealers in the foreign exchange market to desist from reporting ...
CBN Hinges Planned Interest Rate Easing On 21.4% Inflation Target
Ahead of its first Monetary Policy Committee (MPC) meeting slated for next month, the Central Bank of Nigeria (CBN) has ...
Relocating CBN, FAAN’s Key Departments Attempt To Undermine Abuja’s Capital Status — AYCF
The Arewa Youth Consultative Forum (AYCF), a prominent Northern Nigerian youth organisation, has strongly condemned recent attempts to relocate ...
CBN Set To Hold First MPC Meeting Under Cardoso
The Central Bank of Nigeria (CBN) has held a two-day strategic session for members of the Monetary Policy Committee ...
