Tag: Central Bank of Nigeria
CBN directs banks to close naira ledger accounts for IMTO
The Central Bank of Nigeria (CBN) has directed banks in the country to close all naira ledger accounts…
BREAKING: CBN issues new guidelines for receipt of foreign remittances
The Central Bank of Nigeria has announced that beneficiaries of diaspora remittances through the international monetary transfer operators…
CBN to increase COVID-19 intervention to N300 billion, to reach more Nigerians; Speaks on Naira value
The foreign exchange parallel market has labelled by the Central Bank of Nigeria (CBN) as tainted and a…
Bank customers to now pay for failed direct debit transactions
Reports have revealed that bank customers will now pay a charge for failed direct debit transactions. The Central…
CBN opposes bid to remove Arabic from naira note
A suit seeking the removal of Ajami (Arabic) inscriptions on naira notes has been opposed by the Central…
CBN disburses N3.5tr COVID-19 intervention cash
The Central Bank of Nigeria (CBN) has announced that it had disbursed N3.5 trillion to different sectors of the…
Court freezes 65 accounts over alleged forex manipulation
The Central Bank of Nigeria has been ordered by a Federal High Court in Abuja to freeze all…
CBN bans forex for maize importation
The Central Bank of Nigeria has directed all banks to stop processing Forms M for the importation of…
Tinubu urges CBN to lower interest rate over COVID-19
The National Leader of the ruling All Progressives Congress (APC), Bola Ahmed Tinubu, has called on the Federal…
CBN lifts suspension on cheque clearing
The Central Bank of Nigeria (CBN) has lifted suspension placed on cheque instruments in the Nigerian clearing system.…
Obiora assumes duty as CBN Deputy Governor
Kingley Obiora has assumed duty as Deputy Governor of the Central Bank of Nigeria (CBN). He replaces Okwu…
CBN to create 10m jobs in five years
The Central Bank of Nigeria (CBN) has said five years from now, no fewer than 10 million jobs…