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CBN latest news - Page 15

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

CBN’s RT200 FX Programme Increases Repatriation Of Non-oil Export Proceeds

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, revealed that the RT200 FX programme has led to an increase in foreign exchange repatriation. Emefiele said the rebate programme attached to the RT200 FX, which offers exporters N65 for every

May 11, 2023

Money Supply In Nigeria Rises By N600bn, Currency In Circulation Drops To N2.59trn

Finance & Economy·Opinion

CBN, Bankers’ Committee And The Drive For Non-oil Exports

For many decades now, Nigeria has been desperately trying to diversify its foreign exchange earnings through non-oil exports.

May 10, 2023

Business

IMF Says CBN’s eNaira Have Unknown Consequences

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has warned that the eNaira and other retail Central Bank Digital Currencies (CBDC) have unknown consequences. CBDC is a government-controlled digital currency that is split into two types; retail and wholesale

May 5, 2023

News

Moghalu To Deliver Afreximbank 30th Anniversary Founders’ Day Lecture

Professor Kingsley MoghaluKingsley Moghalu, the President of the Institute for Governance and Economic Transformation (IGET) and former Deputy Governor of the Central Bank of Nigeria, will deliver the 30th Anniversary Founders’ Day Lecture of the African Export-Import Bank (Afreximbank) at the Bank’s

May 3, 2023

Emefiele Settles For Plea Bargain In N6.9bn Procurement Fraud Case

Business

CBN Receives New Redesigned Naira Notes From NSPMC, Tackles Panic Merchants

The spokesman of the Central Bank of Nigeria (CBN), Isa Abdulmumim, has denied reports that the financial regulator plans to phase out the redesigned Naira notes. Abdulmumim said the CBN will continue to release the new currencies and doesn’t intend to withdraw

May 1, 2023

Business

CBN’s Former Deputy Gov, Moghalu, Lists Problems Affecting Nigeria’s Growth

The former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, said the difficult business environment is affecting Nigeria. He said most things that work in the country are operated by the private sector. Moghalu, in a series of posts

April 24, 2023

Shareholders Remember Wigwe, Others At Access Holdings Annual General Meeting

Business

CBN Fines Access Bank N604 million For Breaching 3 Regulatory Orders

The Central Bank of Nigeria (CBN) fined Access Bank N604 million for wrong account opening with mismatched details, breaching foreign exchange (forex) guidelines and one other contravention. Prime Business Africa learnt CBN also sanctioned Access Bank for breach of accounts administration agreement,

April 24, 2023

Business

Nigerian Banks Earn N135.52 Trillion From CBN’s Naira Policy, E-Payments

The value of electronic payment transactions grew by 298 per cent year-on-year in the first quarter of 2023, thanks to the Naira policy of the Central Bank of Nigeria (CBN), led by Godwin Emefiele. According to the Nigeria Interbank Settlement System (NIBSS),

April 21, 2023

Naira Opens Week With Gain Across FX Markets

Business·Currency

Official Market’s Foreign Exchange Dealers Reduce Dollar Rate

The official market’s foreign exchange rate closed at ₦462.50 kobo on Wednesday, 19 April 2023, as the Dollar loses ground to the Naira. Nigeria’s currency grew in value by 0.16 per cent at the end of trading, as traders dropped the price

April 20, 2023

Business

CBN Fines Union Bank N200 million For Cryptocurrency Trading

Union Bank of Nigeria (UBN) has been penalised by Nigeria’s financial regulator, the Central Bank of Nigeria (CBN), for enabling cryptocurrency trading. According to the commercial bank’s financial statements for the period of 2022, the central bank fined Union Bank N200 million

April 20, 2023

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CBN latest news - Page 15

CBN’s RT200 FX Programme Increases Repatriation Of Non-oil Export Proceeds

CBN, Bankers’ Committee And The Drive For Non-oil Exports

IMF Says CBN’s eNaira Have Unknown Consequences

Moghalu To Deliver Afreximbank 30th Anniversary Founders’ Day Lecture

CBN Receives New Redesigned Naira Notes From NSPMC, Tackles Panic Merchants

CBN’s Former Deputy Gov, Moghalu, Lists Problems Affecting Nigeria’s Growth

CBN Fines Access Bank N604 million For Breaching 3 Regulatory Orders

Nigerian Banks Earn N135.52 Trillion From CBN’s Naira Policy, E-Payments

Official Market’s Foreign Exchange Dealers Reduce Dollar Rate

CBN Fines Union Bank N200 million For Cryptocurrency Trading

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