We spend N75bn to print banknotes in 2019 – CBN
The Central Bank of Nigeria, CBN, has disclosed that it spent N75 billion to print banknotes in 2019. The apex bank disclosed these in its Currency Operation Department Annual Report…
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CBN Goes Hard On Exporters Not Repatriating Foreign Exchange
The Central Bank of Nigeria, CBN, has called on Banks to forward the names, addresses and Bank Verification Numbers (BVN) of exporters that have defaulted in repatriating their foreign exchange…
Continue readingCBN Blocks Forex Over-Invoicing – Insist on Suppliers Details For Forms M
The Central Bank of Nigeria (CBN) on Monday introduced an FX policy that will tackle the age-long practice of Forex over-invoicing, which unscrupulous businesses have used to cart away the…
Continue readingNigeria Foreign Reserves Dips By $544.94m In Six Weeks
The latest figures from the Central Bank of Nigeria, CBN, have shown that Nigeria’s foreign reserves drop by $544.94m from $36.17bn on July 1, it now stands at $35.62bn as…
Continue readingCBN Devalues Naira Again, Official Exchange Rate Now N380/$1
The Central Bank of Nigeria (CBN) has devalued the Naira against other foreign currencies. This will be the second time in 2020, that the apex bank, will devalue the Naira,…
Continue readingCentral Bank of Nigeria (CBN) Devalues Naira Again
Nigeria’s apex bank, The Central Bank of Nigeria (CBN) has further devalued the local currency (Naira) bowing to demand pressure. Bloomberg reported at the weekend that the CBN raised the…
Continue readingNigeria Banks To Restructure 33% Of Loans – CBN
Nigeria banks have applied to the Central Bank of Nigeria (CBN) for permission to restructure 33% of their loans due to the fallout from the coronavirus pandemic and a slump in oil…
Continue readingCBN To Fund 1.6 Million Farmers For 2020 Wet Planting Season
The Central Bank of Nigeria (CBN), is set to provide agricultural funding for about 1.6 million farmers during the 2020 wet planting season. The CBN stated it would support farmers…
Continue readingCheck the Number of Days Bank Must Attend to Your ATM Dispense Error/Refund Complaint
The Central Bank of Nigeria (CBN), has released a new directive to further enhanced the quality of service in Banks, especially as it relates to quick refunds of customers whenever…
Continue readingN2000 & N5000 Banknotes Pictures and Video In Circulation Are Fake – CBN
The Central Bank of Nigeria (CBN) on Sunday, May 31, has described the videos and pictures of the purported circulation of N2000 and N5000 banknotes in the country as FAKE….
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