Tag: CBN, domiciliary account, forex, Naira
Forex: No plan to convert domiciliary accounts into naira — CBN
The Central Bank of Nigeria has assured members of the public that it didn’t issue a directive to convert the foreign exchange in the domiciliary...
EFCC arrests 10 for Forex scam in Kano
The Kano Zonal Command of the Economic and Financial Crimes Commission have arrested ten suspected fraudsters for alleged involvement in forging travel documents...
CBN stops sales of forex to BDCs
….Accuses them of turning to money laundering agents Operators of Bureau de Change in Nigeria are in for a tough time as the Central Bank of Nigeria on Tuesday...
CBN to up forex allocation to banks
The Central Bank of Nigeria (CBN) has concluded plans to increase the amount of foreign exchange allocated to banks to meet the requests of customers. This...
Emefiele: We must stop dependence on crude oil for revenue, FOREX
Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has reiterated the need for the country to discontinue with heavy dependence on crude oil to...
FOREX infractions: CBN investigating 55 companies
The Central Bank of Nigeria, CBN, has opened investigations into foreign exchange transactions of 55 companies and individuals in the country who ate suspected of...
COVID-19 bailout: we want Forex, VAT – AOL
Airline Operators of Nigeria (AON) has said its members are not just requesting cash as bailout from the federal government, but adequate provision of foreign...
Buhari asks CBN to stop issuing FOREX for importation of food
President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to stop providing foreign exchange for importation of food into the country, with the steady...
