Tag: CBN
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Naira Weakens to N1,570 in Parallel Market, Strengthens to N1,513 in NFEM
The Naira experienced a mixed performance in the foreign exchange market on Wednesday, as it depreciated in the parallel market but appreciated in the...
CBN Warns Banks: Don’t Limit ATM Withdrawals Below ₦20,000
The Central Bank of Nigeria (CBN) has warned commercial banks that it will sanction any institution that compels customers to withdraw less than ₦20,000...
Court Orders Forfeiture of Keystone Bank Shares to Federal Government
Keystone Bank Limited has confirmed its transition to full ownership by the Federal Government of Nigeria following a ruling by the Lagos State Special...
Naira Appreciates by N20 in Black Market Amid CBN Forex Policy Changes
The Nigerian naira showed resilience in the parallel market while experiencing a third consecutive decline against the dollar at the official foreign exchange market...
CBN Limits BDCs’ Forex Operations to $25,000 Weekly for Greater Control
In a move to strengthen the management of foreign exchange (FX) and curb illicit activities in Nigeria's currency market, the Central Bank of Nigeria...
