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Central Bank of Nigeria News - Page 20

Governor of Nigerias Central Bank Godwin Emefiele

Godwin Emefiele’s CBN Disburses $7.6 billion Amid Dollar Scarcity

Over $7.6 billion has been disbursed into the Nigerian economy by the Central Bank of Nigeria (CBN) in five months in a bid to increase availability of foreign exchange for transactions. The amount is said to have passed through authorised foreign exchange

September 12, 2022

Emirates To Suspend Flights To Nigeria Over Inability To Repatriate Earnings

Business

Trapped Funds: Emirates Airlines To Proceed On Suspension of Nigerian Flights Despite CBN Intervention

Emirates Airlines has revealed that the suspension of Nigerian flights will continue after the Central Bank of Nigeria (CBN) released funds to settle protest among foreign airlines over trapped funds. Two weeks ago, the United Arab Emirates national carrier disclosed that it

September 1, 2022

CBN Fines Union Bank N200 million For Cryptocurrency Trading

Business

Fidelity Bank Acquires Union Bank UK On CBN Approval

The Central Bank of Nigeria (CBN) has approved the acquisition of Union Bank’s UK subsidiary by Fidelity Bank, a statement obtained from the Nigerian Exchange Limited (NGX) on Tuesday disclosed. Fidelity Bank’s Managing Director and Chief Executive Officer, Nneka Onyeali-lkpe, said the

August 30, 2022

Naira Ends Week With Marginal Gain Against Dollar

Business

CBN’s ‘Naira 4 Dollar Scheme’ Generates $2.4 billion Diaspora Remittances

The ‘Naira 4 Dollar Scheme’ created by the Central Bank of Nigeria (CBN) in 2021, attracted $2.4 billion in diaspora remittances within eight months, surpassing the figure reported last year. According to the Director, Trade and Exchange department of the central bank,

August 29, 2022

Business

CBN’s Godwin Emefiele Unveils New USSD Code For eNaira 10 Months After Launch

The Central Bank of Nigeria (CBN) has revealed *997# as the Unstructured Supplementary Service Data (USSD) code for the eNaira. The apex bank said the new code will increase the possibilities of the naira. Recall that the Nigerian financial regulator had launched

August 26, 2022

Business·Currency

Dollar To Naira Exchange Rate: BDC Operators Increase Dollar Rates After CBN Snub

August 24, 2022 Dollar Rates Update: Bureau De Change (BDC) operators increased Dollar rates on Tuesday, as demand for the United States currency outweighs supply in the black market and official forex market in Nigeria. The operators in the parallel market sold

August 24, 2022

CBN Places Service Restriction On PoS Agents Across Nigeria

Business

Nigeria’s Central Bank Reverses COVID-19 Loan Interest To 9%

The Central Bank of Nigeria (CBN) has reversed the interest rate on intervention loan extended towards small, medium and large scale companies to alleviate COVID-19 impact on their operation. CBN restored the interest rate to 9 percent, having issued the loan on

August 18, 2022

Business

CBN’s Godwin Emefiele Increases Savings Interest Rate – How It Affects Nigerians, Inflation

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has increased interest rate on savings account, as the apex bank said Nigeria’s economy has returned to normalcy. In a circular dated August 15, the financial regulator directed commercial banks to

August 16, 2022

Business

CBN’s Move To Defend Naira Against Dollar Affects External Reserves, Drops $337 million In Two Weeks

The Central Bank of Nigeria (CBN) has taken foreign exchange out of the external reserves to defend the naira against the dollar, resulting to the reserves depleting by $337 million. According to data from the central bank, it was gathered that the

August 16, 2022

Business

CBN’s Emefiele Defends Rising Debt Under Buhari, As World Bank Ranks Nigeria Fourth Chronic Debtor

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has defended the rising debt under President Muhammadu Buhari, stating that borrowing is an essential part of running a government. Emefiele said it is not a crime to borrow, as debt

August 12, 2022

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Central Bank of Nigeria News - Page 20

Godwin Emefiele’s CBN Disburses $7.6 billion Amid Dollar Scarcity

Trapped Funds: Emirates Airlines To Proceed On Suspension of Nigerian Flights Despite CBN Intervention

Fidelity Bank Acquires Union Bank UK On CBN Approval

CBN’s ‘Naira 4 Dollar Scheme’ Generates $2.4 billion Diaspora Remittances

CBN’s Godwin Emefiele Unveils New USSD Code For eNaira 10 Months After Launch

Dollar To Naira Exchange Rate: BDC Operators Increase Dollar Rates After CBN Snub

Nigeria’s Central Bank Reverses COVID-19 Loan Interest To 9%

CBN’s Godwin Emefiele Increases Savings Interest Rate – How It Affects Nigerians, Inflation

CBN’s Move To Defend Naira Against Dollar Affects External Reserves, Drops $337 million In Two Weeks

CBN’s Emefiele Defends Rising Debt Under Buhari, As World Bank Ranks Nigeria Fourth Chronic Debtor

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