It’s Currency Adjustment, Not Naira Devaluation, Says CBN
The Central Bank of Nigeria (CBN) said Friday’s decision to peg the exchange rate of the Naira at N380 to ...
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Tag: CBN
DEVALUATION: CBN Updates Website To Reflect Official Exchange Rate Of N360/$1
The Central Bank of Nigeria has devalued its official exchange rate from N307/$1 to N360/$1. CBN has now reflected this change ...
FG Approves $20m Tech Fund For Young Innovators
In furtherance of the Buhari administration's drive to support Micro, Small and Medium Enterprises (MSMEs), the Bank of Industry has ...
CBN Restricts Withdrawal Of Foreign Currency Deposit
The Central Bank of Nigeria (CBN) has restricted the process of cash withdrawal of electronic transfer deposits made into domiciliary ...
CBN To Commence Recycling Of Mutilated Naira Notes
The Central Bank of Nigeria (CBN) has disclosed plans to commence recycling of mutilated naira notes by partnering with private ...
JUST IN: CBN Restricts FX For Milk Importation, Exempts Six Companies
The Central Bank of Nigeria (CBN) has added milk and dairy products to the list of items not eligible for ...
Liquidity, VAT Force CBN To Raise Banks’ CRR To 27.5%
The Central Bank of Nigeria (CBN) Friday resolved to raise the Cash Reserve Ratio (CRR) of Deposit Money Banks (DMBs) ...
Senate probes N20trn unremitted stamp duties from banks, financial institutions
The Senate has mandated its Committee on Finance to investigate the non-remittance of over N20 trillion into the Federation Account ...
Four Nigerian firms begin local production of milk
In line with the Central Bank of Nigeria (CBN) policy to discourage the importation of milk, four dairy products manufacturers have commenced ...
N614bn Bailout: Governors give condition for loan repayment
Nigeria governors have demanded a reconciliation of accounts before repaying the N614 billion bailout fund the federal government granted states. ...
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