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Central Bank of Nigeria News - Page 21

Naira Ends Week With Marginal Gain Against Dollar

Black Market Dollar To Naira Exchange Rate: Bureau De Change Operators Raise Dollar Rate After Advice To CBN

August 8, 2022 Dollar Rate Update: On the Investors and Exporters window, the naira closed flat at N430 to one dollar on Friday, maintaining the same selling price traders offered the United States currency during the previous day. The Nigerian currency stabilised

August 8, 2022

Business

Polaris Bank’s Management Addresses Planned Sale Of Company To Private Investors

Polaris Bank has described reports that the financial institution is set to be sold to a commercial farmer and the Sarkin Sudan of Gombe State, Auwal Lawan Abdullahi, as speculative. In a statement issued by the management of Polaris Bank, the lender

August 5, 2022

CBN Places Service Restriction On PoS Agents Across Nigeria

Business·Currency

CBN Accuses Nigeria’s Private Sector Of Hoarding Dollars

The private sector have been directed to repatriate the foreign exchange earnings obtained from the Central Bank of Nigeria (CBN) to conduct business in the international market. According to CBN’s Deputy Director, Banking Services, Egboagwu Ezulu, the private sector have a problem

August 4, 2022

CBN Denies Discriminating Against People With Physical Disabilities Seeking Job

Business

CBN, AMCON Allegedly Planning To Sell Polaris Bank, To Lose N1.16 trillion In Deal

The Central Bank of Nigeria (CBN) is reportedly planning to sell Polaris Bank at the cost of N40 billion to Auwal Lawan Abdullahi, a commercial farmer and the Sarkin Sudan of Gombe State. Polaris Bank has been under the management of debt

August 4, 2022

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Black Market Dollar To Naira Exchange Rate: BDC Operators Drop Dollar Rate After Sending Message To CBN

August 2, 2022 Dollar Rate Update: Bureau De Change (BDC) operators reduced their asking price for sale of dollar on Tuesday, showing sign of rise in availability of the United States currency in the black market. At the end of business hour,

August 2, 2022

Governor of Nigerias Central Bank Godwin Emefiele

Business·Currency

Bureau De Change Operators Provide CBN With Solutions To Save Naira

The Central Bank of Nigeria (CBN) has been urged by the Association of Bureaux De Change Operators of Nigeria (ABCON), to put an end to the official fixed rate in the foreign exchange market. ABCON’s President, Aminu Gwadabe, said abolishing the fixed

August 1, 2022

Business·Currency

Black Market Dollar To Naira Exchange Rate: Dollar Finally Falls In Black Market After CBN Outburst

July 29, 2022 Dollar Rate Update: The naira depreciated in the official foreign exchange market on Friday, losing N2.80kobo in value, as traders on the Investors and Exporters window sold the dollar at N429/$1 by closing hour. United States currency rose by

August 1, 2022

Business·Currency

CBN Addresses Connection Between Cryptocurrencies and Naira

The Central Bank of Nigeria (CBN) has dismissed the connection between the naira and cryptocurrency market, stating that the Nigerian currency doesn’t mirror any cryptoasset. Nigeria’s financial regulator’s statement comes amid naira’s deteriorating value against foreign currencies in the black market, which

August 1, 2022

Business·Currency

CBN Blames NNPC, Two Others, As Dollar Sells For N718

The Nigeria National Petroleum Company (NNPC) Limited has been blamed by the Central Bank of Nigeria (CBN) for scarcity of dollar and depreciation of the naira in recent weeks. Nigeria’s financial regulator made the statement on Friday after the exchange rate of

July 29, 2022

Naira Opens Week With Gain Across FX Markets

Business·Currency

Black Market Dollar To Naira Exchange Rate: Dollar Sells For N707, As Senate Wants Scapegoat For Weak Naira

July 27, 2022 Dollar Update: The exchange rate of the dollar in Nigerian currency, naira, finally crossed the N700 mark on Wednesday in the black market, as demand for the United States legal tender skyrocket. At the close of business hour, Bureau

July 28, 2022

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Central Bank of Nigeria News - Page 21

Black Market Dollar To Naira Exchange Rate: Bureau De Change Operators Raise Dollar Rate After Advice To CBN

Polaris Bank’s Management Addresses Planned Sale Of Company To Private Investors

CBN Accuses Nigeria’s Private Sector Of Hoarding Dollars

CBN, AMCON Allegedly Planning To Sell Polaris Bank, To Lose N1.16 trillion In Deal

Black Market Dollar To Naira Exchange Rate: BDC Operators Drop Dollar Rate After Sending Message To CBN

Bureau De Change Operators Provide CBN With Solutions To Save Naira

Black Market Dollar To Naira Exchange Rate: Dollar Finally Falls In Black Market After CBN Outburst

CBN Addresses Connection Between Cryptocurrencies and Naira

CBN Blames NNPC, Two Others, As Dollar Sells For N718

Black Market Dollar To Naira Exchange Rate: Dollar Sells For N707, As Senate Wants Scapegoat For Weak Naira

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