The Central Bank of Nigeria (CBN) has banned the sale of foreign exchange (FX) to Bureau De Change (BDCs) operators in the country. The CBN governor, Godwin Emefiele, announced this at the end of the monetary policy committee meeting in
CBN has confirmed NAFEX Investor & Exporter forex window rate is now Nigeria’s official benchmark exchange rate. The Central Bank of Nigeria reported an official exchange rate of N410.25/$1and referenced it as “NAFEX Exch, Rate (USD) as at Monday, May
Nigeria (CBN) has removed all the directors of First Bank of Nigeria Plc and those of First Bank Holding Company. Those sacked include Chairman of First Bank, Chief (Mrs) Ibukun Awosika and the Chairman of First Bank Holding, Oba Otudeko.
Nine suspected attackers of former Central Bank of Nigeria (CBN) Governor, Prof Chukwuma Soludo have been arrested in Anambra State. Recall that three of Soludo’s police orderlies were killed while others were injured in the attack which occurred during a
The Central Bank of Nigeria and the Federal Ministry of Finance, Budget, and National Planning have said they are not aware of the N50-N60 billion Edo state governor, Godwin Obaseki, alleged was printed and disbursed to states to cushion the
Former Deputy Governor of the Central Bank of Nigeria, Dr Obadiah Mailafia has said that Nigeria is more insecure under President Muhammadu Buhari than it was when General Sani Abacha was in power. Mailafia made the claim while appearing on
The Central Bank of Nigeria (CBN) has imposed ?6.98 service charge on Nigerians for all USSD transactions. A statement jointly signed by the apex bank and the Nigerian Communications Commission (NCC) and released today March 16, says customers will pay
Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN) has confirmed that exchange rate of naira to dollar has been adjusted to N410/$1 at the official market. Addressing bankers at a summit on the economy in Lagos on