Nigerians Abroad to Gain Easier Access to Local Banking with New BVN Platform
The Nigerian Inter-Bank Settlement System (NIBSS) is set to launch a new non-resident BVN (Bank Verification Number) platform in December 2024. This ...
Tag: Central Bank of Nigeria (CBN)
CBN Reports Record $553 Million Diaspora Remittance in July
The Central Bank of Nigeria (CBN) has reported a significant increase in diaspora remittance inflows to the economy, reaching $553 ...
Senate to Summon CBN, NPA, NNPCL, Dangote Group Over Alleged Economic Sabotage
The Senate has revealed plans to summon the Central Bank of Nigeria (CBN), Nigeria Port Authority (NPA), Nigerian National Petroleum ...
CBN Raises Interest Rate to 26.75%
The Central Bank of Nigeria (CBN) Monetary Policy Committee has raised the interest rate by 50 basis points from 26.25% ...
CPPE Urges CBN to Pause Interest Rate Hike Amidst Inflation Concerns
The Centre for the Promotion of Private Enterprise (CPPE) has asked the Central Bank of Nigeria (CBN) to put a ...
CBN Resumes Dollar Sales to Bureau de Change Operators
In a bid to address the persistent distortions in the foreign exchange market, the Central Bank of Nigeria (CBN) has ...
CBN to Banks, Forex Dealers: Accept Old, Small US Dollar Bills or Face Sanctions
The Central Bank of Nigeria has warned Deposit Money Banks to stop rejecting old and small denominations of the United ...
House of Reps to Probe CBN’s Arbitrary Retrenchment of 600 Staff
The House of Representatives on Wednesday mandated its committees on Banking Institutions and Federal Character to probe the arbitrary retrenchment ...
Lagos Court Orders forfeiture of $4.7m, N830m, Other Properties Linked to Emefiele
A Federal High Court sitting at Ikoyi, Lagos has ordered an interim forfeiture of the sums of $4,719,054 million USD, ...
Customs Import Duty Exchange Rate Soars to N1,502.136/$
The Central Bank of Nigeria (CBN) has again increased the exchange rate for calculating import duty at the nation’s seaport ...
