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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MONEY MARKET
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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CBN sanctions UBA, First Bank, Zenith and 6 others for failing to dispense via ATMs
The Central Bank of Nigeria (CBN) says it has sanctioned some Deposit Money Banks (DMBs) for failing to make Naira
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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,
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CBN promises to address nationwide cash supply shortage
The Central Bank of Nigeria (CBN) has assured banks of a steady cash supply to address shortages nationwide. Cardoso
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CBN raises interest rate again, now to 27.50%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has again raised the Monetary Policy Rate
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