JUST IN: CBN raises Monetary Policy Rate to 22.75%
Nigeria's Central Bank has lifted the monetary policy rate (MPR) by 400 basis points to a record 22.75%.
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CBN begins sales of dollars to BDCs
The Central Bank of Nigeria has announced its decision to sell foreign exchange worth $20,000 to each eligible Bureau De Change…
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…
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…