CBN - Central Bank Of Nigeria
Nigerian banks release new requirements for customers buying dollars as naira nears N1300/$1
Nigerian banks, including Standard Chartered Bank, Fidelity Bank, and Stanbic IBTC, have announced new requirements for customers seeking to buy dollars.
"Dump your dollars": Presidency issues warning to currency speculators
The president's office has advised currency traders engaging in foreign exchange speculation to divest their dollar assets, asserting that the naira will appreciate.
"It's our priority:" NDIC refunds customers of failed banks, full list emerges
The Nigeria Deposit Insurance Corporation disclosed that it has fully refunded customers of the 179 failed microfinance banks and four mortgage banks across Nigeria.
New exchange rate emerges as naira gains against dollar at N1,453.82 in official market
The Nigerian currency gained about N82 against the US dollar on Thursday, March 21, 2024, to trade at N1,453.82 per dollar in the official market.
“The status quo still remains”: Mixed reactions trail CBN’s forex clearance claim
Despite claims by the CBN that it has successfully fulfilled all outstanding foreign exchange obligations, international airlines maintain that nothing has changed
Governor speaks as bank launches new branch to compete with GTB, Access, Zenith, others
A player in the Nigerian banking sector, Parallex Bank formally opened for operation in Uyo, Akwa Ibom state, to provide its services to more consumers in the area.
More good news for Naira as CBN clears forex debt, dealers react with new exchange rate
The Central Bank of Nigeria said it has finally cleared the entire foreign exchange backlog, a development that will boost naira's value against the dollar.
“Can I spend N320,000 mistakenly sent to my bank account after waiting for 7 days? Expert speaks
Barrister Segun Anigioro, a Lagos based legal practitioner, explains what the law says on bank customers next action after receiving funds from an unknown source.
Naira to dollar exchange rate nears N1,300/$ as CBN clears FX backlog
Due to speculators selling off their hard currency holdings, the foreign exchange market is now in a buyer's market, and a N1,300 rebound for the naira is possible.
CBN - Central Bank Of Nigeria
Load more