Curency In Circulation Sees Unprecedented Surge Of N890bn In 3 Months
In a surprising turn of events, the amount of currency in circulation (CIC) in Nigeria has witnessed a staggering increase ...
Monday, November 25, 2024
Tag: CBN
FG, CBN Deny Plans to Convert $30bn Domiciliary Deposits To Naira
The federal government and the Central Bank of Nigeria (CBN) have vehemently denied reports suggesting plans to convert $30 billion ...
CBN Tightens Grip On IMTO Outbound Transactions, Restricts Naira PayoutsÂ
The Central Bank of Nigeria (CBN) has adjusted the landscape for international money transfer operators (IMTOs), limiting their operations to ...
CBN Bans Banks, Fintechs From International Money Transfers, Increases Application Fee
The Central Bank of Nigeria (CBN) has issued a directive that banks and financial technology companies (fintechs) are no longer ...
Forex Crisis: CBN Debunks Plan To Covert $30bn Deposits To Naira
The Central Bank of Nigeria (CBN) has denied any plan to convert the $30billion deposits in domiciliary bank accounts to ...
Atiku Challenges FG’s Directive To Remit Crude Oil Revenue To CBN
Atiku Abubakar, the former presidential candidate of the PDP, has declared the federal government's directive to remit revenue from crude ...
JUST IN: Inflation To Soar As CBN Adjusts ExchangeRate To N1,356.883/$1
Prices of imported goods and services will increase, thereby, fuelling inflation as the Central Bank of Nigeria (CBN), adjusted the ...
CBN Issues Directive On Forex Exposures Amid Shortage
The Central Bank of Nigeria (CBN) has issued a new directive on forex exposures of banks amongst which is lending ...
Depreciation Sparks Concerns Over 2023 Dividends For Companies With Foreign Liabilities
Capital market operators are sounding the alarm as the Nigerian naira experiences a significant free fall, potentially impacting dividend payouts ...
CBN Issues Guidelines To Curb Forex Speculation, Hoarding By Banks
The Central Bank of Nigeria (CBN) has taken a decisive step to address concerns over excessive foreign currency speculation and ...
