Business CBN releases guidelines for establishing payment service holding companies Oluwadamilare Emmanuel Aug 3, 2021 The Central Bank of Nigeria (CBN) on Tuesday released guidelines for the establishment and regulation of Payments Service Holding…
Business Forex: CBN directs commercial banks to set up teller points Oluwadamilare Emmanuel Jul 29, 2021 The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to set up teller points in designated branches for the…
Naira falls to N522 hours after CBN bans forex sales to BDCs Oluwadamilare Emmanuel Jul 28, 2021 Naira fell marginally against the U.S dollar at the parallel market on Wednesday, after the Central Bank of Nigeria (CBN)…
BREAKING: CBN bans sale of forex to BDCs funsho williams Jul 27, 2021 The Central Bank of Nigeria on Tuesday an end to sale of forex to the Bureau De Change (BDC) operators in its bid to tackle…
CBN to launch digital currency Oct 1 funsho williams Jul 23, 2021 The Central Bank of Nigeria (CBN) has perfected plans to launch its own digital currency on October 1, 2021.
Business CBN clears Dangote, BUA, Flour Mills to import sugar Oluwadamilare Emmanuel Jul 18, 2021 The Central Bank of Nigeria on Friday limited the importation of sugar into the country to three companies: Dangote Sugar Refinery…
CBN releases supervisory framework for payment service banks Oluwadamilare Emmanuel Jul 9, 2021 The Central of Nigeria (CBN) has released the Guidelines for the Licensing and Regulation of Payment Service Banks (PSBs) in…
SERAP sues Buhari over $25bn overdrafts taken from CBN Oluwadamilare Emmanuel Jul 4, 2021 Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit, asking the court “to compel President Muhammadu…
CBN increases forex allocation to banks, assures liquidity for invisibles Oluwadamilare Emmanuel Jun 7, 2021 The Central Bank of Nigeria (CBN) has concluded plans to increase the amount of foreign exchange allocated to banks to meet the…
CBN Retains Monetary Policy Rates At 11.5% Oluwadamilare Emmanuel May 25, 2021 The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has again voted to retain the monetary policy rate at…