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 dollar. ...
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2 Minutes
2 Minutes
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. This was...
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1 Minute
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 platform. The...
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1 Minute
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 of not...
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2 Minutes
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 this in...
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1 Minute
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 the accounts,...
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6 Minutes
Court Orders CBN, Four Others To pay N5.5bn Judgement Debt Before Hearing Their Application Files
A Federal High Court in Abuja has ordered the Central Bank of Nigeria (CBN) and four other banks to pay N5.5billion judgment debt into an interest yielding account before September 1....
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2 Minutes
Go About Legitimate Foreign Exchange Transactions Without Fear – CBN Urges Nigerians
The Central Bank of Nigeria (CBN) has assured the public that it will monitor the deposit money banks (DMBs) to ensure they comply with set rules and meet the legitimate foreign...
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1 Minute
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 to N522 to a dollar at...
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2 Minutes
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 CBN Governor, Godwin Emefiele, disclosed...
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