CBN sells dollars to BDCs
The bank brought the rate lower than the N1,036 per US dollar it sold to BDCs earlier
Tag: Hassan Mahmud
![Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso. [PHOTO CREDIT: Official Twitter handle of the CBN | https://twitter.com/cenbank/status/1732683169898324325/photo/1]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2024/01/Yemi-Cardoso-e1707210763335.jpeg?fit=1500%2C845&ssl=1)
CBN sells dollars to BDCs at N1,251/$1
The CBN instructed each BDCs to sell the dollars to eligible customers at a rate not exceeding 1.5 per cent ...
FX: CBN imposes 50% cap on IOCs repatriation
"Banks are allowed to pool cash on behalf of IOCs, subject to a maximum of 50 per cent of the ...
![The Central Bank of Nigeria, CBN. [PHOTO CREDIT: Ehud Kaduna]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2022/01/20200913_161409-scaled-e1652250793565.jpg?fit=2387%2C1702&ssl=1)
CBN stops dollar payments for personal, business travel allowances
All Authorized Dealer Banks shall henceforth effect payout of PTA/BTA through electronic channels only, including debit or credit cards.
Facing FX crisis, Nigeria’s Central Bank lifts exchange rate restrictions for IMTOs
IMTOs are hereby allowed to quote exchange rates for naira payout to beneficiaries based on the prevailing market rates at ...
Nigeria’s inflation rate projected to drop to single digit in 2022 – CBN Official
In June, the National Bureau of Statistics said Nigeria’s inflation rate fell to 17.75 per cent from 17.93 per cent.