FOREX: CBN Allays Fears of Nigerians   ABUJA – In the face of rising demand for foreign exchange for both goods and services by Nigerians, the Central Bank of Nigeria (CBN) has advised Nigerians to resist the urge of succumbing to the speculative activities of some...

24 Hours After Disappearance, eNaira Speed Wallet Returns To Google Store   The eNaira Speed Wallet app is back on Google Store 24 hours after its disappearance. Recall that yesterday, the app went missing on Google Store after its launch on Monday. The app had met with...

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...

COVID-19: CBN Disburses N253bn To 470 Households, 77, 000 SMEs         The Acting Director Corporate communications Department of the Central Bank of Nigeria (CBN), Mr. Osita Nwanisobi, has said that the bank disbursed N253 billion to 548,345 beneficiaries as part of its responses to the COVID-19...

CBN Tackles Recalcitrant IMTOs Over Diaspora Remittances         The Central Bank of Nigeria (CBN) has expressed displeasure that some International Money Transfer Operators (IMTOs) continue to pay remittances in local currency contrary to its recent policy that granted unfettered access to forex from Diaspora and other...