In a significant move, the Central Bank of Nigeria (CBN) has implemented a directive halting mobile…
Tag: CBN
BDCs back CBN’s directive stopping use of domiciliary accounts as collateral
The Association of Bureaux de Change Operators of Nigeria (ABCON) has voiced its support for the…
Naira Appreciation: CBN Initiates Dollar Sales to BDCs at N1,101
In a move aimed at bolstering the value of the Naira in the foreign exchange market,…
CBN New Capital Base: Top 5 banks in N1.5trn shortfall
The financial landscape in Nigeria is undergoing a seismic shift as the Central Bank of Nigeria…
CBN Unveils Comprehensive Strategy to Tackle Forex Crisis, Assures Nigerians – Cardoso
In the face of mounting challenges posed by the scarcity of dollars, the Central Bank of…
CBN Clears Payment of Forex Backlog for Foreign Airlines Amid Naira Free Fall
In the face of the Naira’s alarming descent, the Central Bank of Nigeria (CBN) has taken…
No Permission for CBN to Print Money – Bagudu
In response to the fiscal challenges looming over the 2024 national budget, the Federal Government (FG)…
Northern Elders Firmly Reject CBN’s Proposal to Relocate ‘Key Departments’ to Lagos
The Northern Elders Forum (NEF) has voiced its strong opposition to the reported intentions of the…
Cash Scarcity: CBN Addresses Concerns, Urges Patience Amidst Hoarding Allegations
With the growing concerns over cash scarcity in several major cities across Nigeria, the Central Bank…
Banks Grapple with Cash Rationing as Naira Scarcity Deepens
The anguish of bank customers over the ongoing cash scarcity reached new heights as more banks,…
