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CBN restricts BDCs’ $25,000 FX weekly purchase to single dealer

THE Central Bank of Nigeria (CBN) has directed Bureau de Change (BDCs) operators to purchase up to $25,000 weekly...

Forensic verification of $7bn FX backlogs show corruption – CBN

THE Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, said that forensic verification of $7 billion foreign...
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FX code: CBN sets January 31 deadline for submission of compliance report

THE Central Bank of Nigeria (CBN) has asked participants in the foreign exchange market to submit compliance reports to...

CBN approves release of FX code to promote market participation

THE Central Bank of Nigeria (CBN) said it has approved the release of the Nigerian Foreign Exchange (FX) Code. It...
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CBN launches payment solutions to track MDA spendings, promote digital documentation

THE Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has launched two policy initiatives -  the document...

CBN fines Fidelity, Union, First Bank, others for failing to dispense cash

FIDELITY, First Bank, Keystone Bank, and Union Bank Plc have been sanctioned by the Central Bank of Nigeria (CBN)...
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