CBN Moves to Double Foreign Currency Remittances, Grants AIP to 14 New IMTOs
The Central Bank of Nigeria (CBN) yesterday announced that it has granted 14 new International Money Transfer Operators (IMTOs) Approval-in-Principle…
Tag: CBN
In FT Interview, Cardoso Says Investors Getting Comfortable with Nigeria’s FX Market
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said investors have become more comfortable with…
Suspend implementation of cybersecurity levy, Tinubu orders CBN
President Bola Tinubu has asked the Central Bank of Nigeria to suspend the implementation of the controversial cybersecurity levy policy…
CBN Extends Suspension of Charges on Cash Deposits Above Approved Thresholds to September
The Central Bank of Nigeria (CBN) has announced an extension to the suspension of processing fees of two per cent…
Cyber security levy will drain Nigerians- TUC
Yemi Obafemi The Trade Union Congress (TUC) has said the 0.5 percent cybersecurity levy on electronic transactions by commercial banks…
Five levies, Nigerians Pay for Electonic transactions
Banks operating in the country have been ordered to start charging a cyber security levy on transactions by Central bank…
CBN slashes BDC exchange rate to N1, 036.3/$
•Sells $47.4m to BDCs in 2mths The Central Bank of Nigeria, CBN, yesterday for the second time in two months,…
Nigeria’s Treasury Bills Auction Oversubscribed by 254.23 Per Cent
The Nigerian Treasury Bills (NTBs) issued by the Central Bank of Nigeria (CBN) yesterday recorded an oversubscription of 254.23 per…
Marketers Lament as 45% Banks’ CRR Hampers Buying Products in Cargoes from Dangote Refinery
Many petroleum products marketers are currently facing difficulty in getting loans needed to finance the lifting of diesel and aviation…
CBN Partners International Money Transfer Companies to Double Remittances to Nigeria
*Remittance task force to report directly to Cardoso*Naira will continue to appreciate against dollar, says Shettima The Central Bank of…