CBN Reduces Customs Exchange Rate By 2.8% To N1,472.756
For the first time since the commencement of the administration of President Bola Tinubu, the Central Bank of Nigeria (CBN), ...
Tag: Central Bank of Nigeria (CBN)
CBN Enforces 50% Limit On Oil Companies’ Forex Repatriation
The Central Bank of Nigeria (CBN) has made a significant announcement concerning the repatriation of foreign exchange earnings by International ...
No More PTA, BTA In Cash, CBN Tells Banks
The Central Bank of Nigeria (CBN) has directed banks in the country to stop the payment of personal and business ...
CBN Stops IOCs From Repatriating 100% Of Forex Proceeds
The Central Bank of Nigeria (CBN) has issued another circular in addition to its barrage of moves to boost foreign ...
CBN Makes 1st Forex Market Intervention In 5 Months, Sells $86m
The Central Bank of Nigeria (CBN) intervened in the foreign exchange market for the first time in five months, to ...
Again, CBN Increases Customs Duty On Cargo Clearance
The Central Bank of Nigeria (CBN) has for the third time this year, increased the exchange rate for calculating customs ...
Foreign Airlines Applaud CBN Over Clearance Of Trapped Funds
Foreign Airlines have applauded the Central Bank of Nigeria (CBN) for clearing the backlog of Forex owed to airlines operating ...
CBN Moves To Stop Forex Speculation, Hoarding By Banks
The Central Bank of Nigeria (CBN) has issued a new circular on reporting foreign currency exposure to all banks to ...
CBN Restricts Banks’ FX Holdings Amid Naira Tumble
The Central Bank of Nigeria (CBN) has imposed limits on how much banks can hold in foreign currencies on Wednesday, ...
Naira: Official Market Records Highest Rate At N1,513/$
Despite the Central Bank of Nigeira (CBN) clearing off the verified backlog of foreign exchange claims owed foreign airlines ...
