CBN - Central Bank Of Nigeria
New FX rule: CBN orders BDCs to mark dollar transactions on international passports
All transactions involving end users' BVNs and dollar sales on foreign passports must be documented, according to new instructions by the CBN to BDC operators.
CBN announces transaction limit for bureau de change operators as dollar crashes
The Central Bank of Nigeria has set a transaction limit for Bureau de Change operators, allowing them to purchase up to $25,000 weekly from Authorised Dealer Banks.
Nigeria’s FX reserves depreciate by $1.19 billion amid CBN’s move to defend naira, service debts
Nigeria's foreign exchange reserves have declined by $1.19 billion as the Central Bank of Nigeria (CBN) battles to stabilise the naira and repay foreign debts.
Access, Zenith, others sell dollar at new rate as naira trades flat amid CBN FX sales to BDCs
The Nigerian currency depreciated slightly in the official and parallel foreign exchange markets on Tuesday, February 4, 2025, after a week-long gain.
“Naira will be affected”: ABCON speak as CBN extends deadline for dollar sales to BDCs
The Association of Bureau de Change Operators of Nigeria (ABCON) has expressed joy following the deadline extension by the CBN for dollar sales to BDCs
Zacch Adedeji sets new goals for FIRS in 2025 after record-breaking N21 trillion collection in 2024
The Federal Inland Revenue Service (FIRS) has set the ambitious goal of N25.6 trillion in revenue collection for the fiscal year 2025 after smashing 2024 targets.
Three Nigerian banks share millions to over 1,000 customers, more giveaway planned
Parallex Bank, First City Monument Bank (FCMB), and Ecobank Nigeria are giving out monetary gifts to customers through various promotional campaigns.
Accounts exempted from FG’s electronic money transfer levy as PoS operators begin new charges
Financial technology companies have begun deducting N50 as electronic money transfer levy from transactions of N10,000 and above as ordered by the government.
Recapitalisation: Some banks set to hit CBN requirements as others mull switching licenses
As banks are geared up to meet the new CBN requirements, analysts expect that a few banks may consider downgrading their licenses in the coming months.
CBN - Central Bank Of Nigeria
Load more