President Buhari: Deregulation will bring down price of petrol
Though the deregulation of petrol is causing hardship across the polity, the initial pain will eventually give way to greater benefits among which include a...
Tag : CBN
ATCON announces new date for national dialogue on telecoms
Vox Media The National Executive Council of the Association of Telecommunications Companies of Nigeria (ATCON), has announced a new date for its much-anticipated National Dialogue...
President Buhari: It’ll be dangerous to go back to fuel subsidy era
President Muhammadu Buhari has warned that it would be economically dangerous for Nigeria to go back to the era of fuel subsidy, citing grave financial...
N386/$ new exchange rate not sustainable – BDC operators
The Association of Bureau de Change Operators of Nigeria (ABCON) has declared that the new exchange rate for the operators to sell forex at N386...
CBN orders banks to pay 10% of MPR as interest on savings deposit
The Central Bank of Nigeria (CBN) has ordered banks to henceforth pay 10% of it’s Monetary Policy Rate (MPR) as the minimum interest rate on...
External reserves reverse negative trend, rises to $35.7 billion
The nation’s external reserves, last week, rose (though slightly) for the first time in 12 weeks, to $35.66 billion. Data from the Central Bank of...
Central bank grants 9mobile service payment bank license
9PSB (Payment Service Bank), a subsidiary of 9mobile, says it has been granted approval by the Central Bank of Nigeria (CBN) to commence operations in...
Central bank resumes sales of foreign exchange to licensed BDC operators
The Central Bank of Nigeria (CBN) says it has commenced the sales of foreign exchange to the Bureau De Change (BDC) operators in the country....
Zenith Bank chief calls for promotion of non-oil exports
Group Managing Director/Chief Executive of Zenith Bank, Mr. Ebenezer Onyeagwu, has called for a concerted effort towards diversifying the country’s export base through the promotion...
Central bank orders banks to name exporters failing to repatriate export proceeds
The Central Bank of Nigeria has directed all banks to submit the names, addresses and Bank Verification Numbers of exporters defaulting in repatriating their exports...