Tag: CBN

BDCs would source from foreign exchange from independent sources.

CBN reduces the forex offering to BDCs from $150,000 to $10,000.

“By allowing excessive withdrawals by Dasuki and Okonjo-Iweala, the CBN has helped to fuel corruption."

The 2016 appropriation bill raises enough questions to make us worry about the likelihood of its successful implementation.

"If we are able to reduce importation, the demand for the dollar will fall automatically."

Lending to agriculture sector by Nigerian banks has increased.

CBN had reduced the CRR from 25 per cent to 20 per cent in November.

Foreign exchange official rate at CBN is still pegged at N198 to the dollar.

The reserves dropped to a three-month low.

The Cash Reserved Ratio was reduced from 25 to 20 per cent.

The CBN had pursuant to Section 47(2) of the CBN Act, 2007, issued the guidelines on Mobile Money Services in ...

The Nigerian government had denied fraud in the funds transfers.

The FRC says CBN has refused to keep agreements.

The CBN recently sanctioned First Bank N1.87 billion for refusing to remit about N37.55 billion belonging to the NNPC.

A Federal High Court, Lagos stopped FRC from enforcing its sanctions.

The unions say they were surprised by the silence of the CBN and the Federal Government over the matter.

The CBN governor says the government will deepen the foreign exchange market to make it viable.

The presidency says devaluation is not the appropriate option for Nigeria's current economic realities.

The registration closes Saturday.

"There is no choice for the President between policy sycophancy and policy dictatorship/policy ambush."

45,000 farmers had recently lost crops worth about three billion naira to flooding in the state.

The Vice President explains why Nigerians may have to pay more for energy.

"No pilgrim should be denied the travel allowance on the ground that he/she has no Tax Clearance Certificate."

CBN says without the BVN, one will not be able to operate an account.

The naira traded N225 to the dollar.