On the extension of its ongoing currency swap, CBN, the Central Bank reiterated a shocking disclosure about cash circulating outside banks.
Central Bank of Nigeria
Posted inBusiness
Pay diaspora remittances in dollar, CBN warns banks
Central Bank (CBN) warns banks and other operators to pay foreign funds transfers to their owners in dollar or face sanctions.
Posted inFinance
CBN interventions Southeast is missing
Chido focuses on 12 CBN interventions Southeast businesses are missing and recommends ways to change the persistent negative outcones.
Posted inBusiness Policy
CBN ban on BDCs: 10 things to note if you’re buying dollars
Based on recent CBN forex trading ban on Bureau de change, BDCs, here are 10 things to note if you’re planning to buy dollars from the banks.
Posted inOpinion
Implication of CBN’s recent Exchange Rate Adjustment
Dr. Chizea argues that CBN’s exchange rate adjustment makes Naira more costly and increases inflationary pressure on business and the economy
Posted inFinance
CBN finetunes plan to grant interest-free loans to SMEs
Central Bank says it will release a framework for interest-free type of loans to agriculture farmers and small businesses affected negatively by Covid-19
Posted inFinance
CBN removes guarantor rule for Covid-19 loan
CBN removes guarantor rule – Bank says households and small businesses no longer require guarantors for loans to survive Covid-19 hardship.
Posted inBusiness
CBN Guidelines on ATM use: 10 Things to Know
Here are 10 things to note as a consumer regarding the new CBN revised guidelines on the use of ATM machines.
Posted inBusiness
CBN to fund Covid-19 vaccine research
CBN will give grants and long-term facilities to scientists for development of a Nigerian vaccine that will check Coronavirus
Posted inCovid-19, Investigations
Govt to house, feed evacuees courtesy NNPC, CBN
Foreign Minister, Geoffrey Onyeama, today announced that the Nigerian Govt is ready to house and feed evacuees – citizen being ferried home.