Voice Air Media, News Update THE Chief Executive Officer, CEO, of Access Holdings Plc, Herbert Wigwe, is dead. Wigwe died on Friday in a helicopter accident in California, United States, US. Here…
Category: Business
Breaking: AfDB Launches $540M Initiative to Boost Agro-Industrial Zones in Nigeria
All is set for the African Development Bank (AfDB) to commence the disbursement of $540 million to the first phase of states in Nigeria for the development of Special Agro-Industrial Processing Zones…
Transparency: BDAN urges banks to comply with CBN directives of FX exposures
The Bank Directors Association of Nigeria (BDAN) has called on banks to fully comply with the recent directive of the Central Bank of Nigeria, CBN, on their maximum foreign currency exposures. …
Naira weakens at parallel market, rises at official window
The naira strengthened at the official window on Monday, after the Central Bank of Nigeria Governor, Olayemi Cardoso, reassured that the apex bank was making efforts to tackle the volatility of the…
CBN discovers $2.4bn forex irregularities causing naira instability
Governor Yemi Cardoso of the Central Bank of Nigeria (CBN) disclosed on Monday, January 05, 2024 that a $2.4 billion scam involving false foreign exchange claims has been unearthed. Speaking in…
Inside Nigeria: CBN Bans Use Of Foreign Currency For Transactions, Lists Sanctions
Voice Air Media, News Update In a proactive move to address the alarming depreciation of the Naira against the Dollar, the Central Bank of Nigeria (CBN) has issued a statement, with the…
No Plans to Convert $30 Billion Deposits to Naira Despite Market Speculations— CBN Clarifies
The Central Bank of Nigeria (CBN) says there are no plans to convert $30 billion deposits in domiciliary accounts to naira. A report, on Saturday, had claimed that the apex bank…
Nigeria’s Central Bank Restricts Banks, Fintechs From International Money Transfers
VOICE AIR MEDIA, News Update THE Central Bank of Nigeria (CBN) has imposed a ban on banks and financial technology companies (fintechs) participating in international money transfer services. The revised guidelines for…
BREAKING: Naira rebounds as banks offload excess dollars
Ahead of the midnight February 1, 2024 deadline given by the Central Bank of Nigeria to commercial banks to sell all excess foreign exchange holdings, Deposit Money Banks on Thursday made frantic…
Support grows for relocation of CBN departments to Lagos
Finance and economy analysts have shared perspectives on the relocation of some units and departments of the Central Bank of Nigeria to Lagos. The stakeholders spoke to the Newsmen on Wednesday…