CBN - Central Bank Of Nigeria
Scarcity of cash fuels fear of exploitation by PoS agents as new withdrawal charges are implemented
Mobile money agents are widely available in Nigeria, providing essential services to millions particularly in distant areas, through point-of-sale devices.
New exchange rate: BDC operators list 3 factors responsible for dollar's crash by over N200
The value of the Nigerian currency has appreciated by over N200 against the US dollar in the past few days, with an expert explaining why this is the case.
CBN takes two key steps to crash dollar, boost FX reserves, stabilise naira, experts explain
The key steps taken by the Central Bank of Nigeria (CBN) have helped to stabilise the naira against the dollar and increase Nigeria's foreign exchange reserves.
“Expect further rise”: Experts predict new exchange rate as naira gains N300
The introduction of the Electronic Matching System by the Central Bank of Nigeria has enabled the naira to gain against the US dollar in the foreign FX markets.
Electronic transfer levy: Ex-banker who relocated lists 6 fees banks reportedly don't charge in UK
A former banker in Nigeria who left for the United Kingdom has expressed displeasure over the newly-introduced N50 electronic transfer levy by the FG.
BDC operators react as traders predict N1,400/$ this week
The possibility of the naira hitting N1,400 this week prompted a response from Aminu Gwadabe, head of the Association of Bureaux De Change Operators of Nigeria.
Black market traders predict new naira to dollar exchange rate, suspend dollar purchase
The Nigerian currency, the naira, continues to perform strongly against the US dollar in the foreign exchange markets and traders are expecting more dollar crashes.
NDIC begins selling properties of failed bank, names customers who can claim benefit
Depositors with balances over N5 million would also get payments from their liquidation dividends, according to the Nigeria Deposit Insurance Corporation (NDIC).
Again, traders crash dollar exchange rate as naira appreciates
The Central Bank of Nigeria's (CBN) new Electronic Foreign Exchange Matching System (EFEMS) is helping the naira's performance in the foreign exchange market.
CBN - Central Bank Of Nigeria
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