Nigeria: Exchange rate unification by CBN is a key part of economic recovery
NESG submits reports on achieving resilient economic growth in 2021, says exchange rate unification by CBN is key. In order to achieve full economic recovery …
Tag: CBN
Sugar and Wheat to go into CBN FX ban list, Nigeria can produce
The Central Bank of Nigeria, CBN has been particular about the importation of certain goods into the country mostly due to FX scarcity. The CBN …
CBN extends CRMS to Microfinance, Development, other banks
The Central Bank of Nigeria (CBN) is extending its Credit Risk Management System (CRMS) to Primary Mortgage Banks, Microfinance Banks and Development Financial Institutions saying …
FG not adopting flexible foreign exchange rate or NAFEX – CBN
The Central Bank of Nigeria, CBN, has said that the FG is not adopting a foreign exchange rate or NAFEX for its transactions as earlier …
CBN requirements for innovative products under the regulatory sandbox
What is the CBN regulatory sandbox? The Central Bank of Nigeria has a regulatory sandbox that it adopted in 2021 to ensure flexible ways of …
Updated: CBN list of approved international money transfer operators (IMTO) in 2021
The Central Bank of Nigeria, CBN has released of list approved international money transfer services as at February 28, 2021. They include IMTOs within Nigeria …
CBN and NCC agree on N6.98 for single USSD financial transactions
The CBN and NCC settle USSD disagreements between mobile network operators, (MNO) and deposit money banks (DMB). The Central Bank of Nigeria and the Nigerian …
CBN Naira 4 Dollar scheme for diaspora remittance – what is it?
How CBN Naira 4 Dollar works. The inconsistencies in oil prices in the global market have seen the Central bank of Nigeria, CBN reviewing the …
Cryptocurrency use in Nigeria – the SEC and CBN rules
The Securities and Exchange Commission (SEC) in Nigeria released a statement to clarify its position with the central bank, CBN on the ban of cryptocurrency. …
MRCTD, refugee identity card acceptable at banks by CBN order
MRCTD, refugee identity card are suitable as identification in banks The use of Machine Readable Convention Travel Document (MRCTD) and refugee identity card as identification, …