CBN plans $10,000 annual limit on international school tuition from BDCs
The Central Bank of Nigeria (CBN) plans to introduce stringent measures on the purchase of foreign currencies through Bureau De…
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CBN tells FX sellers of $10,000 and above to declare sources
The Central Bank of Nigeria (CBN) has announced that individuals selling foreign exchange to Bureau De Change (BDC) operators in…
Be patient, CBN working to strengthen Naira – Cardoso tells Nigerians
Governor of Central Bank of Nigeria, CBN, Dr. Olayemi Cardoso, yesterday, appealed to Nigerians for patience, assuring them that…
JUST IN: CBN increase exchange rate for cargo clearance to N1,605/$
The Federal Government through the Central Bank of Nigeria (CBN) has adjusted the exchange rate for cargo clearance to N1,605 per…
Aso Villa, DHQ, CBN at risk of disconnection over N47bn electricity debt
A total of 86 government ministries, agencies, and departments owe the Abuja Electricity Distribution Company a sum of N47…
Wema Bank welcomes two new directors to board
Wema Bank Plc unveils the addition of industry experts Segun Opeke and Yusuf Kazaure to its Board of Directors, endorsed by the…
CBN restricts foreign oil firms from repatriating 100% FX proceeds at once
The Central Bank of Nigeria (CBN) has prohibited international oil corporations from repatriating their whole foreign exchange…
Forex crisis: Personal, Basic Travel Allowances no longer payable by cash…
The Central Bank of Nigeria (CBN) has said Personal and Basic Travel Allowances will only be paid through electronic channels…
[PHOTOS] NNPCL, CBN set limits for Oil Revenue Management
The Nigerian National Petroleum Company (NNPC) Limited has partnered with the Central Bank of Nigeria (CBN) to establish revenue…
Nigerians spent $98bn on foreign trips, education in 10 years – CBN
Nigerians’ spending on foreign education, healthcare and personal travels gulped over $98bn in 10 years, according to the Central…