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CBN - Page 11

New Pos Charges: PoS Operators Risk N10m Fine, Imprisonment

Nigerian Govt Gives PoS Operators 2-Month Deadline To Register With CAC

As the Nigerian government continues to adopt measures to combat money laundering, terrorism, among others, all Point of Sale operators (PoS) across the country have been mandated to register their agents, merchants and individuals with the Corporate Affairs Commission (CAC) latest by

May 7, 2024

Business·Currency·News

Why Nigerian Govt Plans To Ban Naira From Crypto Trading Platforms

the Securities and Exchange Commission (SEC) has finalized plans to delist the naira from all peer-to-peer cryptocurrency trading platforms.

May 7, 2024

Nigeria's Treasury Bills Surpass N6.6trn In 2023 Amid Economic Headwinds

Business·News

Nigeria’s Currency In Circulation Hits N3.87trn- CBN Reveals

Nigeria’s currency in circulation has surged to N3.87tn as of March’s end, indicating a preference for cash among Nigerians. The Central Bank of Nigeria (CBN) disclosed this in its latest money and credit statistics. The data underscores a consistent increase in currency

May 6, 2024

Nigeria's Inflation Drops To 24.48% In January

Business·News

How Govt Palliatives Push Food Inflation – CBN

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has stated that the government’s large-scale purchase of foodstuffs as palliatives is contributing to the country’s rising food inflation. This statement was made during the March Monetary Policy Committee meeting, where the

May 3, 2024

CPPE Highlights Why Nigerian Govt Should Review Customs FX Rate For Cargo Clearance

Currency·Finance & Economy

CBN Raises Customs FX Rate For Import Duties By 19.43% In 1 Week As Naira Depreciates

CBN has increased the foreign exchange (FX) rate for calculating Customs duties by 19.43 per cent in one week following the recent depreciation of the naira in the forex market.

April 30, 2024

Moghalu Highlights How Trump’s Presidency Will Affect African Economies

Currency·Finance & Economy

Forex Crisis: Let’s Deal With Real Issues Of Boosting Production To Stabilise Naira – Moghalu

Prof. Kingsley Moghalu, has urged the Nigerian government to focus on dealing with real issues affecting production in the country to achieve stability of the naira.

April 30, 2024

Business·News

Nigerians Panic As CBN Ban Opay, Moniepoint, Others Over KYC Concerns

The Central Bank of Nigeria (CBN) has directed mobile money operators and fintech firms to suspend onboarding new customers due to concerns over their Know-Your-Customer (KYC) processes. The move, which affects companies like OPay, Palmpay, Kuda Bank, and Moniepoint, is part of

April 30, 2024

Naira vs Dollar: What To Expect This Week (24th-30th, March 2025)

Business·Markets·News

Naira Depreciates To N1,300/$1, Weakens By 17.49% In 5 Days

The Nigerian Naira has taken a hit, falling to a month-to-date low of N1,300/$1 on Tuesday, April 23, 2024. This represents a 5.05% devaluation from the N1,234.49/$1 reported on the first day of the week. The exchange rate has now weakened by

April 24, 2024

Business·News

EFCC Files New Charges: How Emefiele Printed N684.5m With N18.9bn

The Economic and Financial Crimes Commission (EFCC) has filed a new charge against the former Governor of the Central Bank of Nigeria, Godwin Emefiele, at the High Court of the Federal Capital Territory. Emefiele is accused of disobeying the law with intent

April 24, 2024

Business·Markets·News

Just In: CBN Resumes Fx Sale To BDCs At N1,021/$1

The Central Bank of Nigeria (CBN) has reestablished the sale of foreign exchange (forex) to Bureau De Change (BDC) operators. The apex bank is presently offering forex to them at an exchange rate of N1,021 per dollar. This move aims to stabilize

April 23, 2024

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CBN - Page 11

Nigerian Govt Gives PoS Operators 2-Month Deadline To Register With CAC

Why Nigerian Govt Plans To Ban Naira From Crypto Trading Platforms

Nigeria’s Currency In Circulation Hits N3.87trn- CBN Reveals

How Govt Palliatives Push Food Inflation – CBN

CBN Raises Customs FX Rate For Import Duties By 19.43% In 1 Week As Naira Depreciates

Forex Crisis: Let’s Deal With Real Issues Of Boosting Production To Stabilise Naira – Moghalu

Nigerians Panic As CBN Ban Opay, Moniepoint, Others Over KYC Concerns

Naira Depreciates To N1,300/$1, Weakens By 17.49% In 5 Days

EFCC Files New Charges: How Emefiele Printed N684.5m With N18.9bn

Just In: CBN Resumes Fx Sale To BDCs At N1,021/$1

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