CBN Licenses Ten More Money Transfer Operators     The Central Bank of Nigeria has added 10 companies to the list of International Money Transfer Operators licensed in the country. This was disclosed on Monday in a report, titled ‘Updated list of International Money Transfer Operators in Nigeria...

Forex: CBN Asks Exporters To Repatriate Proceeds The Central Bank Governor, Godwin Emefiele, has urged exporters to repatriate export proceeds in order to boost foreign exchange inflow in the country. He spoke while making a presentation at Zenith’s Bank’s 2021 export seminar on Tuesday. Emefiele...

FG Targets $504bn Goods In AfCFTA Deals The African Continental Free Trade Agreement (AfCFTA), when fully implemented, could afford Nigerian companies preferential access to African markets worth $504.17 billion in goods, the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has said. Delivering his remarks at...

CBN Directs Banks To Close Naira Remittances Ledgers       The Central Bank of Nigeria (CBN) has mandated Deposit Money Banks (DMBs) to close all ‘Naira General Ledgers’ used by the lenders to remit naira to Diaspora remittances beneficiaries. CBN Governor, Godwin Emefiele who gave the directive to...

CBN Disbursements On 3.1m Projects Rise To N6.01trn         The Central Bank of Nigeria’s financial disbursements on about 3.1 million projects have risen to N6.01tn, the apex bank has said. It was learnt that the over three million projects were financed through 29 interventions, while the bank...

Exports Suffer Setback As New CBN Policy Bites Hard       The new policy by the Central Bank of Nigeria (CBN) directing all exporters to present the Nigeria Export Proceed (NXP) number before exporting any good outside the country is currently causing a setback for international trade. Already,...