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CBN to stop selling forex to banks by end of 2022

CBN to stop selling forex to banks by end of 2022 NEWS DIGEST - The Central Bank of Nigeria, CBN, has alerted the Deposit Money...

No reversal of ban on sales of forex to Bureaux De...

No reversal of ban on sales of forex to Bureaux De Change – CBN NEWS DIGEST - The Central Bank of Nigeria says it will...

CBN directs banks to publish names of Forex ban defaulters 

CBN directs banks to publish names of Forex ban defaulters NEWS DIGEST - The Central Bank of Nigeria has directed all commercial banks to publish...

CBN warns micro-finance banks against FOREX transactions

CBN warns micro-finance banks against FOREX transactions NEWS DIGEST - The Central Bank of Nigeria (CBN) has cautioned microfinance banks in the country to stop...

Forex: Banks’ documentation process cumbersome – FDC

The Financial Derivatives Company Limited has described the documentation process required by banks for the sale of foreign exchange as cumbersome, saying this will...

Nigeria’s external reserves drops by $2bn in early 2021 – Report

Nigeria’s external reserves lost $2 billion in the first half of 2021, H1’21, declining 0.5 percent to $33.37 billion from $35.37 billion recorded on...

ABCON says collaboration with CBN will strengthen Naira

  The Association of Bureau De Change Operators of Nigeria (ABCON), have suggested that a strong collaboration between the Central Bank of Nigeria (CBN) and...

First Bitcoin ATM launched in Lagos by BlockStale CEO

  The first Bitcoin ATM Machine has been installed in Lagos, and it is trending all over Twitter. The hashtag #FirstBitcoinATMIn9ja is trending, and has...

COVID-19: ABCON Says Nigeria is in foreign exchange crisis

  The Association of Bureau De Change Operators of Nigeria (ABCON), has alerted that the country is in a foreign exchange crisis. ABCON president, Mr. Aminu...

CBN Injects $210m into forex market

NEWS DIGEST - The Central Bank of Nigeria (CBN) has injected 210 million U.S. dollars into interbank segment of the Foreign Exchange Market following...