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CBN Allows BDCs to Purchase $25,000 Weekly to Address Yuletide Forex Demand

The Central Bank of Nigeria (CBN) has temporarily authorized Bureau de Change (BDC) operators to purchase up to $25,000 weekly from the Nigerian Foreign...

CBN to Penalize Banks Aiding Currency Hawkers

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has issued a stern warning to banks found colluding with illegal currency...

CBN Uges Nigerians to Report cash withdrawal issues at ATMs from Dec 1

The Central Bank of Nigeria (CBN) has called on bank customers to report any difficulties encountered while withdrawing cash from bank branches or ATMs,...

CBN Targets $1Bn Monthly Remittances to Strengthen Naira, Boost Foreign Exchange Reserves

The Central Bank of Nigeria (CBN) has set an ambitious goal to attract $1 billion in monthly remittance inflows as part of its strategic...

CBN Raises Interest Rate to 27.25% as Inflation Concerns Persist

Manufacturers in Nigeria will continue to face high borrowing costs as the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has raised the...

FG Exits Debt Servicing Through CBN’s Ways And Means – Wale Edun

Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, announced that the federal government has officially exited the practice of servicing...

Nigerian Businesses to Create More Jobs, CBN Survey Reports

According to the latest Business Expectations Survey (BES) from the Central Bank of Nigeria (CBN), Nigeria’s economy is set for a boost, with job...

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