CBN

CBN revokes operating licenses of 4173 BDCs

Voice Air Media, VAM News Update THE Central Bank of Nigeria (CBN) says it has revoked the licences of over…

2 years ago

Naira-Dollar rate: CBN resumes sale of FX to BDCs

THE Naira on Monday appreciated against the dollar at the official and unofficial foreign exchange (FX) markets as the Central…

2 years ago

Inflation: CBN increases Price Verification System limit from 2.5% to 15%— Report

The Central Bank of Nigeria (CBN) has announced an upward review of the Price Verification System (PVS) from 2.5 per…

2 years ago

BREAKING: CBN stops IOCs from 100% income repatriation

The Central Bank of Nigeria (CBN) has announced far-reaching measures to shore up the value of the Naira, with more…

2 years ago

Review national disaster policy— Reps task CBN, NSA, others

The House of Representatives has urged the Central Bank of Nigeria, the National Security Adviser, the National Human Rights Commission…

2 years ago

BREAKING: NNPCL board approves dollar revenue transfer to CBN

The Central Bank of Nigeria has created a department to deal with crude oil sales transactions by the Nigerian National…

2 years ago

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…

2 years ago

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…

2 years ago

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,…

2 years ago

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…

2 years ago