Digital Currency Would Be Critical National Infrastructure, Says CBN       The Central Bank of Nigeria (CBN) has said its proposed digital currency, known as e-Naira, will be treated as a critical national infrastructure to protect it from operational and cyber-security risks. In a document obtained by The...

Forex Transactions At I&E Window Drop By 17%       Foreign exchange transactions at the Investors’ & Exporters (I&E) window declined by 17.2 per cent last week, according to FMDQ Securities Exchange Limited. The Central Bank of Nigeria had in April 2017 amid severe forex scarcity created the...

CBN Sets Guidelines For Payments Service Holding Companies       The Central Bank of Nigeria has issued guidelines for licensing and regulation of payments service holding companies in the country. The CBN disclosed this in a circular dated August 3, 2021 and titled, ‘Circular to all deposit money...

CBN Assures Customers Of Banks’ Compliance On Forex Supply       The Central Bank of Nigeria has assured members of the public that it has implemented monitoring mechanisms to ensure that deposit money banks fulfill the legitimate foreign exchange demands of customers. This follows the apex bank’s directive...

Forex: Mixed Reactions Trail BDC Ban In Aviation Industry       Some stakeholders in the aviation sector say the stoppage of the forex sale to the Bureau De Change operators by the Central Bank of Nigeria may take a toll on airlines while others think the policy...

In Two Weeks, External Reserves Gain $280m       The country’s external reserves have returned to a growth path with a gain of $280m in two weeks, the latest figures from the Central Bank of Nigeria have shown. Figures obtained from the CBN on Sunday revealed that the...