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…
Tag: CBN
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…
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…
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…
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 the…
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 Thursday announced that it is accepting…
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 Bank licence to commence non-interest…
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 sign the deal….
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 known on Thursday in…
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 transaction replacing the current N4.89 session…