ABCON To Forex Users: Patronise CBN-licenced BDCs       The Association of Bureaux De Change Operators of Nigeria has advised foreign exchange users and the general public to patronise only BDC operators licensed by the Central Bank of Nigeria in order to get dollars at the approved...

CBN Disburses N333.2bn For South-South Projects       The Central Bank of Nigeria has disbursed N333.2bn for various projects in the South-South region to provide funding for activities in different economic sectors. The Governor, Central Bank of Nigeria, Godwin Emefiele, disclosed this on Thursday in Port-Harcourt at the...

CBN Moves To Curb $580m Yearly Cassava By-product Imports       Despite being the world’s largest producer of cassava, Nigeria imports over $580 million worth of cassava by-products annually. To keep this money from leaving Nigeria, the Central Bank of Nigeria (CBN) has offered to extend funds and...

CBN Plans Digital Currency As Naira Slips To 490/$ At Parallel Market       The naira exchanged to the dollar at N490/$ at the parallel market on Thursday. According to naijabdcs.com, the official exchange rate website of the Central Bank of Nigeria for the Bureau de Change operators,...

N97.5bn Healthcare Intervention Funds Disbursed - CBN       The Central Bank of Nigeria says it has disbursed N97.4bn out of the N100bn credit intervention for the healthcare industry. The CBN disclosed this in the communique issued after the Monetary Policy Committee meeting on Tuesday. It said the intervention...

Naira Crashes To N493/$ At Parallel Market     This is not the best of times for the naira. It crashed yesterday to N493/$ at the parallel market, losing N12 to the dollar within 24 hours. It closed on Tuesday at N481/$. The sharp depreciation came a day...