Reading Time: 2 minutes The Central Bank of Nigeria (CBN) has stated in its revised regulatory framework for Bank Verification Number (BVN) operations that violators will be sanctioned. This…
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Tag: CBN
CBN Postpones eNaira Launch
Reading Time: 2 minutes Nigeria’s apex bank, the Central Bank of Nigeria has announced the postponement of the launch of the country’s digital currency, eNaira. The bank had earlier…
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FG To Borrow $3 Billion Through Eurobonds In October
Reading Time: 2 minutes The Federal Government has disclosed plans to raise $3bn from Eurobond sales in the second week of October. The Minister of Finance, Budget and National…
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Stakeholders Hail Sack Of ‘Under-Performing’ Agriculture, Power ministers
Reading Time: 6 minutes In what came as a shock to many, President Muhammadu Buhari, yesterday, relieved two ministers of their appointments. The Minister of Agriculture and Rural Development,…
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CBN Moves Against Violators Of New FX Policy
Reading Time: 3 minutes The Central Bank of Nigeria (CBN) yesterday directed all banks to henceforth publish on their websites the names and Bank Verification Numbers (BVN) of unscrupulous…
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Only A Third Of NNPC’s Investment In Refinery Will Be Paid In Cash – Dangote
Reading Time: 5 minutes Africa’s richest man and the President of the Dangote Group, Alhaji Aliko Dangote, yesterday disclosed that the 20 per cent equity taken by the Nigerian…
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Digital Currency Gains Traction As CBN Appoints Technical Partner
Reading Time: 4 minutes The Central Bank of Nigeria (CBN) yesterday announced the formal engagement of global fintech company, Bitt Inc., as technical partner for its proposed digital currency,…
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Forex: CBN To Monitor Banks Selling Dollars
Reading Time: 2 minutes The Central Bank of Nigeria (CBN) has setup a mechanism to monitor the sale of forex by banks in Nigeria. The apex bank said it…
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Naira Drops After CBN Banned Forex Sales To BDCs
Reading Time: 2 minutes Naira fell marginally against the U.S dollar at the parallel market on Tuesday, after the Central Bank of Nigeria (CBN) announced that it has ended…
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JUST IN: CBN Prohibits Sales Of Forex To BDCs
Reading Time: < 1 minute The Central Bank of Nigeria says it has ended the sales of forex to Bureau Du Change operators, saying the parallel market has become a…
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