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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Tag: CBN
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 minutes 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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Naira Retards Further, Exchanges For 504 Per Dollar At Parallel Market
Reading Time: < 1 minutes The Nigerian naira exchanged to the dollar at N504 at the parallel market on Friday, according to the Bureau de Change operators. It had earlier…
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Reason All States Must Repay Their Loans – Emefiele
Reading Time: 11 minutes The Central Bank of Nigeria Governor, Mr. Godwin Emefiele, in this post-Monetary Policy Committee media briefing fielded questions on sundry issues around the Nigerian economy.…
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CBN Increases Capital Requirements For Payment Solutions Service Providers To N250m
Reading Time: 2 minutes The Central Bank of Nigeria (CBN) yesterday issued a new licence requirements for payment systems, increasing the minimum capital requirements for Payment Solutions Service Providers…
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Army Nab 13 Suspected Boko Haram Members in Kano Mosque
Reading Time: 3 minutes Troops of the 3rd Brigade of the Nigerian Army in Kano have raided Filin Lazio in Hotoro quarters of Nassarawa Local Government Area of Kano…
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