CBN Initiates Comprehensive Reforms In Forex Policies
In a decisive move towards a more liberalized foreign exchange regime, the Central Bank of Nigeria (CBN) has issued ...
Tuesday, July 15, 2025
Tag: CBN
Banks Owe Airlines $600m In FX Backlog – Keyamo
Festus Keyamo, the Minister of Aviation and Aerospace, has clarified the status of trapped funds belonging to foreign airlines in ...
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 ...
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 ...
