[ad_1] The Central Bank of Nigeria (CBN) has launched an inquiry into an alleged $1 billion currency counterfeit deal, involving a Nigerian and other nationals. A memo, dated August 23,…
Tag: CBN
CBN, BDCs on collision course as FX black market premium widens | The Guardian Nigeria News – Nigeria and World News
[ad_1] 6 mins ago Controversy has continued to dog the claims that Labour Party’s presidential candidate Peter Obi funded the funeral of the father of Arise TV anchor Rufai Oseni.…
CBN money transfer policy causes hardship for Nigerian students in Cyprus
[ad_1] GNEC has disclosed that Nigerian students are facing difficulty in Northern Cyprus Its director said the CBN’s transfer directive is making it difficult for students to receive money sent…
Forex crisis: Worry over policy inconsistencies as CBN brings back BDCs | The Guardian Nigeria News – Nigeria and World News
[ad_1] Why Naira is under attack, by ABCON president Policy inconsistencies of the Central Bank of Nigeria (CBN) continued unabated at the weekend with the reinstatement of Bureau de Change (BDCs) operators…
UPDATED: CBN moves to reduce dollar exchange rate, issues new guidelines to BDCs
[ad_1] The Central Bank of Nigeria (CBN) has announced additional guidelines for Bureau De Change (BDC) operators in a bid to improve efficiency of the Nigerian foreign exchange market. The…
CBN vacates PND restrictions, but arbitrariness must end | The Guardian Nigeria News – Nigeria and World News
[ad_1] On Wednesday, July 27 2023, the Central Bank of Nigeria (CBN) finally lifted ‘Post No Debit’ (PND) restrictions on 440 accounts of corporates and individuals in the banking system.…
UPDATED: Tinubu ‘very concerned’ about Naira exchange rate, meets CBN governor
[ad_1] Worried about the rising exchange rate of the naira to the dollar, Nigeria’s President Bola Tinubu, met with the acting governor of the central bank, Folashodun Sonubi. At the…
Tinubu meets World Bank chief, says forensic audit of CBN underway | The Guardian Nigeria News – Nigeria and World News
[ad_1] ‘We’ll Win Back Investor Confidence’President Bola Tinubu revealed that a comprehensive forensic audit of the Central Bank of Nigeria (CBN) is underway. He also disclosed that a thorough overhaul…
CBN to resume naira-settled OTC FX contracts tomorrow | The Guardian Nigeria News – Nigeria and World News
[ad_1] From tomorrow, July 3, 2023, the Central Bank of Nigeria (CBN) will begin quote offers for naira-settled OTC FX Futures (NSOFF) contracts with tenors between 13 and 60 months…
Concern on overregulation as CBN throws hat into anti-money laundering | The Guardian Nigeria News – Nigeria and World News
[ad_1] * Introduces new measures to monitor politicians, customers* SERAP: Regulation violates freedom of expression, rights to privacy With two different policy documents issued at the weekend, the Central Bank…