Commercial banks have been directed by the Central Bank of Nigeria (CBN) to adopt the exchange rate in the importer and exporter window (I&E) for cross border payments through the Pan-African Payments…
Tag: CBN
CBN Sends Message To Banks To Review Loans To Oil&Gas, Agric And Other Sectors
The Central Bank of Nigeria (CBN) has ordered commercial banks to review their loan exposure to oil and gas, agriculture, telecommunication sectors among others. The apex bank also stated that the development…
Nigeria spends $2 billion on wheat importation yearly – CBN
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country. The Central Bank of…
Nigeria: e-Naira Website Goes Live, See What You Need To Know
The website of Nigeria’s highly-anticipated digital currency, the e-Naira, is now live ahead of its official launch. The eNaira is a Central Bank-issued digital currency that provides a unique form of money…
Emefiele’s Humiliation Deepens As House Of Reps Member Alleges CBN Of Deliberately Devaluing Naira
A House of Representative member, Bamidele Salam (PDP-Osun), has called on the Central Bank of Nigeria (CBN) to stop the continuous fall of the value of Naira against the…
ENaira: CBN Reveals More Revelation About Digital Platform – Emefiele
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has disclosed that the apex monetary authority will own a majority stake in Bitt Inc., its technical partner for digital currency, eNaira….
CBN To Shut Down Aboki FX Website Over Naira Crash
The Central Bank of Nigeria has said that it will shut down the operations of Aboki FX, a provider of currency exchange information, which the bank described as an illegal and criminal…
Hon. Adefisoye Laments CBN Governor Non-Challant Attitude Towards Nigeria’s Development
VAM news has gathered that Hon. Tajudeen Adefisoye has lamented backwardness and economic degradation that Nigeria is currently facing. He He accused the CBN Governor, Godwin Emefiele…
Domiciliary: No plan to convert currencies — CBN reveals
The Central Bank of Nigeria (CBN) has said it has no plan to convert foreign currencies in the domiciliary accounts of bank customers. The Director of Corporate Communications, Mr. Osita Nwasinobi, said…
Block Accounts Of ‘Premier Lotto’ Company And 17 Others – CBN Tells Banks
The Central Bank of Nigeria (CBN) has ordered banks to place a post-no-debit on the bank accounts of 18 companies. A post-no-debit means that all debit transactions, including ATMs and cheques, on…