Recently, the Central Bank of Nigeria (CBN) announced a major review of Automated Teller Machine (ATM) transaction fees. This review saw a significant increase in ATM transaction cost. The CBN …
CBN
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The Central Bank of Nigeria (CBN) has issued new guidelines restricting Bureau de Change (BDC) operators to purchasing foreign exchange from a single authorised dealer per week. According to Dmarketforces …
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The Naira has reacted sharply to the Central Bank of Nigeria’s extension of forex sales till May 30. The Naira depreciated at the official market on Monday, trading at N1,495.60 …
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SHIPPING & TRADE
Nigerian banks withdraw from export proceeds repatriation extension
by The Economyby The EconomyFollowing a recent directive by the Central Bank of Nigeria CBN, many commercial banks and other related financial institutions associated with export handling and financing have announced their immediate withdrawal …
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The Central Bank of Nigeria (CBN) on Tuesdsy said it had sanctioned nine commercial banks for failing to dispense cash through automated teller machines (ATMs), during the yuletide season. The …
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The Central Bank of Nigeria (CBN) has been sued by its former staff members who were dismissed in a mass layoff in 2024. In a court document seen by TheCable …
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MONEY MARKETNEWS & PUBLIC ECONOMY
How new CBN auction system can solve Nigeria’s forex crisis — Bismarck Rewane
…as CBN pulls forex out of commercial banks grip with Retail Dutch Auction System After over a decade of dangerous racketeering in Nigeria’s foreign exchange market by commercial banks, …
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As Nigerians are baffled over the recent hike of interest rate from 26.25% to 26.75% by the Central Bank of Nigeria (CBN), the Manufacturers Association of Nigeria (MAN) and frontline …
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SHIPPING & TRADE
Unstable Customs tariffs cripple import business, vehicle imports down by 55% –Farinto
Unstable rates for Customs duties payments usually set by the Central Bank of Nigeria (CBN) has taken a toll on importation business and has more than halved vehicle importation in …
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CUSTOMSSHIPPING & TRADE
Prices to go up again as CBN raises import tariff
by Azeez Bukiby Azeez BukiPrices of goods are set to go up again following an increase of import duty benchmark for the Customs Service by the Central Bank of Nigeria (CBN). The Central Bank …