BVN: Weekly Forex sale to BDCs falls by $100m
LAGOS — The Central Bank of Nigeria (CBN) has said that the introduction of the Biometric Verification Number (BVN) has led to reduction in the weekly sale of foreign exchange to bureaux de change by $100 million.
Ministries complying with anti-graft measure – CBN
Nigeria’s central bank on Wednesday said government ministries and departments were complying with a presidential order for more transparency over revenues as part of a crackdown on graft.
BOI secures CBN license, repositions for service
Having met the requirements set by the apex bank for all Finance Institutions (DFIs) in the country, the Bank of Industry (BoI) has secured Central Bank of Nigeria’s (CBN) license.
Foreign suppliers shut credit lines to Nigerian businesses, CBN accuses operators of round-tripping
The organised private sector weekend said that members are finding it difficult to pay foreign creditors for goods imported before the CBN restriction on 41 items access to foreign exchange market in Nigeria. They also said that many hotels in the country are saddled with large amounts of cash, foreign currency which they could not lodge into their domiciliary accounts or do business with.
CBN partners ex-internationals for annual championship
The Central Bank of Nigeria (CBN) says it has concluded arrangement to partner with some notable ex-internationals for the organization of the 2015 edition of the Annual All Financial Institutions Football Competition slated to kick off across the country on Sunday.
Nigeria to raise $4bn in treasury bills in Q4 – CBN
The Central Bank of Nigeria (CBN) says it plans to auction N814.78 billion in Treasury bills between Sept. 17 to Dec. 3.
