The Central Bank of Nigeria (CBN) has updated the list of approved International Money Transfer Operators (IMTOs) for diaspora remittances. This was disclosed via the apex…
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Central Bank of Nigeria, the country’s highest financial institution has introduced a new scheme called the Naira4Dollar Scheme to improve on its remittances from the diaspora.…
The Federal High Court sitting in Abuja, has ordered the Central Bank of Nigeria (CBN) to unfreeze the bank accounts of the 20 #EndSARS promoters. News…
The Central Bank of Nigeria, a few days ago issued a circular prohibiting banks and other financial institutions from carrying out transactions in cryptocurrencies or facilitating…
The World Bank has approved $500 million to support the Nigerian in strengthening its electricity distribution sector. “The project will help boost electricity access by improving…
The Central Bank of Nigeria (CBN) has explained why it banned the use of cryptocurrencies in the country. According to the apex bank, transactions in cryptocurrencies…
The Central Bank of Nigeria (CBN), on Tuesday, held the Monetary Policy Rate (MPR) at 11.5 per cent and retained the Cash Reserves Ratio at 27.5…
Based on the two-dose requirement for each of the 164.8 million Nigerians, it means the country will need $6.43bn or N2.44tn (using CBN official exchange rate of N379/$1) to procure the vaccine for them.
The Central Bank of Nigeria has changed its remittance rule. And now, Nigerians can receive money in the currency it was sent in. Janet Ogunkoya, a…
Former Nigerian head of state, Retired General Yakubu Gowon has denied allegations that he stole half of the Central Bank of Nigeria (CBN). Lt. Col. Thomas…