…directive to discourage hoarding, improves liquidity — ABCON President By Kayode Tokede The Central Bank of Nigeria (CBN) has warned that Deposit Money Banks (DBMs)/ authorized foreign exchange dealers who refused to accept old/lower denomination of US Dollar from customers…
Dwindling oil prices has been attributed to the decline in Nigeria’s foreign exchange inflow to $5.47billion in January 2021, the latest from the Central Bank of Nigeria (CBN) has revealed. The figures obtained from the apex bank which placed aggregate…
…records N485.51bn fiscal deficit …as Banks, others borrow N492.50bn By Kayode Tokede The Central Bank of Nigeria (CBN) has disclosed that the Federal government between December 2020 and January 2021 generated a sum of N1.64trillion from Oil and Non-Oil sectors.…
By Kayode Tokede The Securities and Exchange Commission (SEC) says it is working with the Central Bank of Nigeria (CBN) for better understanding and regulation of cryptocurencies in the country. The Director-General, SEC, Lamido Yuguda, said this at the 2021…
By Kayode Tokede The Central Bank of Nigeria (CBN) has disclosed that the nation’s foreign reserves gained $61.2million in three days from $35.14 billion on Monday to $35.19billion as at Wednesday. The foreign reserves, according to Nigerian NewsDirect investigation reached…
By Kayode Tokede The Central Bank of Nigeria (CBN) has asked all Development Finance Institutions (DFIs), Microfinance Banks (MfBs), Primary Mortgage Banks (PMBs) and Finance Companies (FCs) in the country to register on its credit risk management system (CRMS). This…
The Central Bank of Nigeria (CBN) has reportedly suspended finTechs and other third-party partners from offering Biometric Verification Number (BVN) validation service. This was made known in an email from Paystack to customers which stated, “We’ve recently been made aware…
…Belfour Energy tops list By Kayode Tokede The Central Bank of Nigeria (CBN) between Wednesday and Thursday announced that it got an interim order from the Federal High Court, Abuja division, to freeze 205 bank accounts of individual and companies’…
College, Keffi, Nasarawa State, Mr Idris Ohimege has lauded the Central Bank of Nigeria (CBN) for its intervention projects at the institution. He also hailed the State Government and some of the old boys of the school for contributing positively…
The Central Bank of Nigeria (CBN) has said the nation’s foreign reserves dropped by $177.million or 0.51 per cent in March to $34.82billion from $34.99billion it opened in the month under review. In 2021, the foreign exchange buffer dropped by…
