Tag: CBN, fx restriction list, sugar, wheat
CBN to place sugar, wheat on FX restriction list
The Central Bank of Nigeria is set to place forex restriction on selected commodities including sugar and wheat. CBN Governor, Godwin Emefiele, stated this on...
Diaspora Remittances:CBN introduces N5 incentive per dollar
The Central Bank of Nigeria (CBN) on Saturday introduced a new incentive to encourage inflow of diaspora remittances. The incentive, tagged “Naira 4 Dollar...
How Nigerian banks borrow N15.95bn from CBN in one month + Full list
Commercial Banks in Nigeria borrowed N15.95 billion from the Central Bank of Nigeria (CBN) in the Standing Lending Facility window in November, 2020. The...
Excess Liquidity:Banks cut borrowings from CBN -Report
Deposit Money Banks have continued to reduce their borrowings from the Central Bank of Nigeria. The CBN attributed this new development to excess liquidity in the...
SEC speaks on statement on digital assets…
The Securities and Exchange Commission (SEC) has receieved several comments and inquiries from the public on a perceived policy conflict between the SEC Statement...
CBN tells banks, others to close crypto currency accounts
The Central Bank of Nigeria (CBN) has directed all Deposit Money Banks (DMBs), Non-Bank Financial Institutions (NBFIs) and Other Financial Institutions (OFls) to...
CBN: Revised cheque book operational April 1
The Central Bank of Nigeria (CBN) has advised all Deposit Money Banks (DMBs) accredited Cheque Printers/Personalisers, and the Nigeria Interbank Settlement System...
CBN revokes licences of seven payment services providers
The Central Bank of Nigeria has revoked the operating licences of seven payment services providers. The CBN disclosed this in a report titled ‘Revocation of operating...
CBN raises households, SMEs credit facility to N300bn
The Central Bank of Nigeria, CBN, has raised the Targeted Credit Facility, TCF, from N150 billion to N300 billion. The TCF is a facility meant for households and...
CBN kick starts foreign exchange policy
…..Will generate $2bn monthly -CBN The Central Bank of Nigeria, CBN, has announced that the Diaspora Foreign Exchange Remittances Policy will commence December 4,...
