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ECONOMY-FINANCE

Those Who Have Accounts With Banks In Nigeria Should Read This Announcement From CBN

The Central Bank of Nigeria is the apex bank in Nigeria. As such it continues to inaugurate policies that will make transactions better. In this light, Central Bank of Nigeria (CBN) has taken to its official twitter handle, @cenbank, to make an announcement concerning additional guidelines on receipt of diaspora remittances. The announcement on the additional guidelines was revealed in a letter. Here are some of the guidelines as retrieved from the letter that was released by CBN: "1. Switches and Processors

  1 year ago ago
Those Who Have Accounts With Banks In Nigeria Should Read This Announcement From CBN

POLITICS

News updates: New CBN policy firms up Naira value in parallel market, I’ve no fight to warrant reconciliation with Adams ― Obasanjo

New CBN policy firms up Naira value in parallel market The Nigerian currency, Naira, yesterday reversed its two weeks depreciation trend in the parallel market, recording N20 gain against the United States Dollar closing at N470 per dollar. Meanwhile the Central Bank of Nigeria, CBN, has directed all banks’ Managing Directors to immediately close all Naira Ledger Accounts meant for receiving proceeds from the International Money Transfers Operators, IMTOs. The Naira had earlier depreciated by N30 against the

  1 year ago ago
News updates: New CBN policy firms up Naira value in parallel market, I’ve no fight to warrant reconciliation with Adams ― Obasanjo

ECONOMY-FINANCE

CBN starts Naira for Dollar scheme

The central bank of Nigeria has introduced a scheme called the Naira for Dollar scheme.This is a scheme where dollar remittances paid into a particular account attracts an additional credit alert for each $1 received.

  1 year ago ago
CBN starts Naira for Dollar scheme