In what appears to bowing to public pressure, the Central Bank of Nigeria (CBN) on Monday announced a new forex policy with immediate effect designed to make forex available to Nigerians.
The naira has depreciated further against the United States dollar at the parallel market to 500, from 498.
The Securities and Exchange Commission (SEC) has again extended the recapitalisation deadline for Capital Market Operators (CMOs) from the initial December 31, 2016 till March 31st, 2017.
The Central Bank of Nigeria (CBN) has directed all commercial banks in the country to submit all backlogs of dollar demands for immediate approval.
The Naira, on Wednesday, appreciated to N490 per dollar, as the Central Bank of Nigeria (CBN) commenced sale of dollars to Bureaux de Changes (BDCs).
The Central Bank of Nigeria (CBN) on Tuesday banned the commercial banks operating in Nigeria against the use of virtual currencies, including bitcoin, ripples, litecoin.
The Central Bank of Nigeria (CBN) has dismissed speculations that the bank would reintroduce a mandatory deposit of N35 million for all Bureau de change (BDC) operators.
Worried by the multiple exchange rates in the country, the Central Bank of Nigeria (CBN) will be meeting with bureau de change (BDC) operators in Abuja to address the issue.
Nigeria’s prevailing economic recession has forced the Central Bank of Nigeria (CBN) to suspend printing of small naira denominations for about a year, leading to the scarcity of the notes in the economy, sources at the apex bank have disclosed.