All posts tagged "CBN"
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470NewsArmed robbers attack convoy of CBN bullion vans
Armed robbers attacked a convoy of bullion vans belonging to the Central Bank of Nigeria (CBN) in the early hours of Tuesday,...
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1.1KNewsSouth Africa overtakes Nigeria as Africa’s largest economy
South Africa’s economy has regained the position of Africa’s largest in dollar terms more than two years after losing it to Nigeria...
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528BusinessNaira strengthens against the dollar
The Naira on Wednesday appreciated against the dollar at the parallel market, the News Agency of Nigeria (NAN), reports. The Nigerian currency...
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513BusinessEmefiele explains “N197 forex subsidy” for Hajj pilgrims
Central Bank of Nigeria (CBN) governor, Godwin Emefiele, has said that neither the bank nor the federal government subsidised foreign exchange for 2016...
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572NewsAnother fuel price hike looms
Nigerians have been asked to brace up for another petrol price hike due to the lingering scarcity of foreign exchange to finance...
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518News
Stop prioritizing religion over economy, Afenifere cautions FG
The Afenifere Renewal Group [ARG] has warned the federal government of Nigeria against its policy of subsidising pilgrimage. In a statement released...
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2.9KBusinessBREAKING: CBN withdraws circular on Hajj forex subsidy
Central Bank of Nigeria (CBN) on Friday reacted to the outrage over its N197 exchange rate subsidy for pilgrimage by deleting the...
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601Business
CBN blows N8 billion in Hajj forex subsidy
A circular from the CBN’s Trade and Exchange Department on Thursday authorised the sale of dollars to pilgrims to the 2016 Hajj...
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577Business
Naira plunges to N400 to a dollar
The naira plunged to 400 against the dollar at the parallel market on Thursday after it closed at 390 against the greenback on...
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749Business
Implications of CBN’s decision to reduce money transfer options to Nigeria, WorldRemit, Basketmouth react
The Central Bank of Nigeria (CBN) has been busy in the past few months, releasing and reversing monetary policies, all in a...
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477BusinessCBN warns against unlicensed Money Transfer Operators
The Central Bank of Nigeria (CBN) has warned Nigerians at home and abroad, to beware of the unwholesome activities of some unlicensed...
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603Business
CBN directs banks to accept cheques into savings account
The Central Bank of Nigeria(CBN) has directed commercial banks to accept deposit of cheques into savings account. The apex bank also told...
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757NewsBuhari resumes amnesty programme payments….CBN to pay ex-militants directly
President Muhammadu Buhari has resumed the Niger Delta Amnesty Programme payments and the Central Bank of Nigeria (CBN) will be paying the...
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452Business
Banks raise interest rates on existing loans
Bank customers with existing loan obligations must brace for higher levels of indebtedness as the Deposit Money Banks have begun an upward...
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673NewsHow governors opposed excess crude savings – Ex-CBN boss
A former Deputy Governor of Central Bank of Nigeria (CBN) Rev. Tunde Lemo, has revealed how former governors were opposed to Federal Government’s decision...
