CBN reschedules February 2025 MPC meeting
The Central Bank of Nigeria (CBN) has rescheduled the 299th meeting of its Monetary Policy Committee (MPC). The apex bank
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MONEY MARKET
CBN limits BDCs to one dealer bank per week for $25,000 FX
The Central Bank of Nigeria (CBN) has issued new guidelines permitting Bureau de Change (BDC) operators to purchase up to
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CBN extends FX sales period to BDCs
CBN extends FX sale period to BDCs THE Central Bank of Nigeria (CBN) has extended the Foreign Exchange (FX) sale
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Exchange rate appreciates to N1,610/$1 in parallel market
Representing an N20 increase within a day, the Nigerian naira appreciated against the U.S. dollar in the parallel market on
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CBN promises swift sanctions on FX Code violators
…begins final settlement of $7bn FX backlog The Central Bank of Nigeria (CBN) has called
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CBN to launch FX code for authorised dealers tomorrow, January 28
The Central Bank of Nigeria (CBN) says it will tomorrow, the 28th day of January, 2025, launch the Nigerian foreign
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Zenith Bank enhances staff pay by over 20%, promotes over 4,000
One of Africa’s leading financial institutions, Zenith Bank has reaffirmed its dedication to employee welfare by announcing the promotion of
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CBN announces new compliance department, projects 4.17% GDP for 2025
The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has announced plans to establish a Compliance Department
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CBN approves release of FX Code
The Central Bank of Nigeria (CBN) has said it has approved the release of the Nigerian Foreign Exchange (FX) Code.
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Electronic money transfers in Nigeria increased to N566.39trn by July
Nigeria’s usage of digital payments has significantly increased, as seen by the cumulative N566.39 trillion in electronic transfers that occurred
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