Nigerian banks and the organised private sector (OPS) have called on the Central Bank of Nigeria (CBN) to increase foreign exchange allocation to the real sector by restoring the priority window and dedicated access for manufacturers. This was part of…
The Central Bank of Nigeria (CBN) in collaboration with the Africa Fintech Foundry (AFF) is set to support 10 startups, to increase the adoption of eNaira in the country. This was disclosed by the Head of AFF, Mr Daniel Awe,…
The Central Bank of Nigeria (CBN) has advised members of the Organised Private Sector (OPS) to always ensure that they repatriate foreign exchange (FX) proceeds back to the apex bank in order to ease FX pressure in the country. Deputy…
In the face of rising demand for foreign exchange for both goods and services by Nigerians, the Central Bank of Nigeria (CBN) has advised Nigerians to resist the urge of succumbing to the speculative activities of some players in the…
The Association of Bureaux Des Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to float the Naira to halt its further depreciation. The President of ABCON, Alhaji Aminu Gwadabe, made the appeal on Saturday in…
The Central Bank of Nigeria’s Treasury Bills auction for a 364-Day tenor, which sought to raise N258.5 billion from investors, recorded an oversubscription of 22.7%, as interest rate rose to 7% compared to 6.07% recorded in the previous month. This…
By Ridwan Adekunle TAJBank Limited, Nigeria’s leading non-interest bank, has secured the approval for nationwide banking operations from the Central Bank of Nigeria (CBN). The bank’s Managing Director, Mr Hamid Joda, made this known in a statement on Wednesday. Joda…
…Asks court to freeze 157 accounts of accused companies …There must be grave consequences for offenders — Yusuf …CBN must follow due process — Ehindero By Uthman Salami, Ariemu Ogaga and Matthew Denis The Central Bank of Nigeria (CBN) has…
The Central Bank of Nigeria (CBN) has clarified the statement made by the Governor, Godwin Emefiele, at Tuesday’s post-Monetary Policy Committee (MPC) meeting briefing, warning bank customers against converting the naira to foreign exchange, for electioneering purposes. The Bank’s director,…
The Lagos Chamber of Commerce and Industry (LCCI) has stressed the need for a corresponding boost to supply side factors of inflation to accompany the monetary policy instruments by the Central Bank of Nigeria (CBN) to tackle inflation. Dr Chinyere…
