The Central Bank of Nigeria borrowed N212.85bn ($654.92m) in an auction of Treasury bills on Wednesday, with yields little changed from previous sales, data from the Debt Management Office showed on Thursday. The debt office raised N45.85bn of three-month paper at 14.38 per cent, down...

Deposit Money Banks have yet to comply with the Central Bank of Nigeria’s directive asking them to sell $50,000 from Diaspora remittances to Bureau De Change operators on weekly basis, the President, Association of Bureau De Change Operators of Nigeria, Aminu Gwadabe, has said. In...

The Central Bank of Nigeria (CBN) has increased the maximum amount that would be sold to Bureau De Change, BDCs operator from $30,000 to $50,000 per week just as it plans to release special intervention funds for Agric and Manufacturing. These were parts of decisions...

...Limits access to discount window, pegs dollar sales to BDCs at $30,000 weekly ...Extends deadline for BVN registration for diaspora customers In view of the current macro-economic challenges in the country, the Central Bank of Nigeria (CBN) has granted a one-off forbearance to banks this year...

The naira plunged to 400 against the dollar at the parallel market yesterday as shortage of foreign exchange continued to have negative effects on economic activities in the country. The local currency had closed at 390 against the greenback on Wednesday. The shortage of forex at...

In January 2016, the Central Bank of Nigeria announced that it had stopped, with immediate effect, the sale of foreign exchange to Bureau de Change operators, so as to reduce pressure on Nigeria’s foreign reserves. The CBN Governor, Godwin Emefiele, therefore directed that the...