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 period to Bureau de Change...
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 Friday, closing at...
CBN promises swift sanctions on FX Code violators
...begins final settlement of $7bn FX backlog
The Central Bank of Nigeria (CBN) has called on deposit money banks and all market participants to...
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 exchange (FX) code as...
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 over 4,000 staff members...
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 by February.
Cardoso...
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.
The apex bank also...
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 between January and July...
CBN sanctions UBA, First Bank, Zenith and 6 others for failing to dispense via...
The Central Bank of Nigeria (CBN) says it has sanctioned some Deposit Money Banks (DMBs) for failing to make Naira notes available through automated...
CBN suspends export proceeds repatriation extension
The Central Bank of Nigeria (CBN) has suspended approvals for the extension of export proceeds repatriation on behalf of exporters, effective immediately.
This directive,...
