BVN, NIN requirement: CBN keeps mum as deadline expires
The Central Bank of Nigeria has kept mum as the deadline for banks to restrict customers’ accounts without a Bank Verification Number or National Identity Number has expired,…
CBN sells over $300m to banks as naira gains
The Central Bank of Nigeria has over $300m to Deposit Money Banks in the last two weeks amid desperate efforts to stabilise the naira-dollar exchange rate. The Association…
Economic hardship: Your attempt to rubbish foreign exchange policy has failed – Presidency replies Atiku
The Presidency, on Sunday, said the attempt by former Vice-President, Atiku Abubakar to rubbish the foreign exchange policy of the government has failed, DAILY POST reports. It said…
Atiku’s solution will return Nigeria to Emefiele era – Presidency
The Presidency says a controlled floatation of the naira to prevent further devaluation would only return Nigeria to the economic regime of the embattled former Governor of the…
EFCC declares Emefiele’s wife, three others wanted
As reported by the Punch, the Economic and Financial Crimes Commission has declared Margaret Emefiele, wife of a former Governor of the Central Bank of Nigeria, Godwin Emefiele,…
BREAKING: Senate drills CBN Governor Cardoso, other officials
The Senate Committee on Banking, Insurance and Financial Institutions is holding a session with Central Bank of Nigeria Governor Olayemi Cardoso, DAILY POST reports.JAMB Results Cardoso led other…
United Capital backs CBN on stakeholder collaborations
As reported by THE PUNCH, Asset management group, United Capital Group, has expressed support for the decision of the Central Bank of Nigeria to collaborate with stakeholders on…
Fresh move by CBN to float Naira sparks concerns in Nigeria’s forex market
The recent move by the Central Bank of Nigeria, CBN, to further float the Naira in the foreign exchange market has raised mixed concerns in the country’s economic…
Operation Rescue Naira: FG considers converting $30bn domiciliary deposits to naira
There are strong indications that the Federal Government is mulling a policy that will result in the conversion of foreign currencies in domiciliary accounts of citizens to naira…
Naira rebounds as banks offload excess dollars
Ahead of the midnight February 1, 2024 deadline given by the Central Bank of Nigeria to commercial banks to sell all excess foreign exchange holdings, Deposit Money Banks…