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Naira Falls To N522/$1 At Parallel Market Over CBN Controversial Policy

Following the discontinuation of sale of foreign exchange (FX) to Bureaux De Change (BDCs) operators in the country by the Central Bank of Nigeria, the naira has dropped...

BREAKING: CBN Stops Forex Sales To Bureau De Change Operators

      The Central Bank of Nigeria has stopped the sales of forex to the Bureau De Change operators in the country with immediate effect.     The...

Naira slumps further as exchanges hit N504 at parallel market

The naira exchanged to the dollar at N504 at the parallel market on Friday, according to the Bureau de Change operators. It had earlier exchanged to the dollar at 500 in...

Kano School Dares CBN, Accepts Payment Of Fees In Cryptocurrency

    Despite the ban on cryptocurrency by the Central Bank of Nigeria (CBN), a private secondary school in Kano, New Oxford Science Academy, Chiranchi, on...

CBN Grants Lotus Bank Non-interest Banking Licence

  VAM news has gathered that Central Bank of Nigeria has granted a non-interest banking licence to Lotus Bank Limited.   A statement titled ‘CBN grants Lotus...

CBN Ready To Print Gambian Currency

  The Central Bank of Nigeria, CBN, says it is ready to mint the Gambian Dalasi at the Nigerian Security Printing and Minting PLC (NSPMC) facility when both parties...

CBN To Nigerians: Spray Naira Notes, Go To Jail

þ The Ctral Bank of Nigeria, CBN, has warned Nigerians against spraying the Naira notes in parties and other events. Isaac Okorafor, the CBN spokesman, who made this...

JUST IN: Banks Begin N6.98 Deduction On USSD Transactions

  Emerging reports have shown that bank customers using the unstructured supplementary service data (USSD) payment channels will now pay a flat fee of N6.98 per...