Central Bank
Nigeria’s Central Bank Licenses 10 More International Money Transfer Operators
The Central Bank of Nigeria (CBN) has granted operating licences to 10 additional international money transfer operators (IMTOs) as part of efforts to boost diaspora remittances. With the new licences
Nigeria: Governors Plead with Central Bank, Finance Minister to Shelve Loan Deductions
Governors Aminu Tambuwal (Sokoto State) and Kayode Fayemi (Ekiti State) on Tuesday pleaded with the Central Bank of Nigeria (CBN) and the Minister of Finance, Budget and National Planning, Mrs.
Nigeria’s Central Bank Guarantees Exporters Unfettered Access to Sales Proceeds
The Central Bank of Nigeria (CBN) has assured exporters that they will continue to have unfettered access to their export proceeds. CBN Governor, Mr. Godwin Emefiele, during a presentation at
Nigeria’s Central Bank Works to Slash Wheat Importation by 60%
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Thursday restated the bank’s commitment to improve local production of wheat and reduce importation by 60 per
Turkey: An Interfering President And A Central Bank With No Independence
Turkey’s President Recep Tayyip Erdogan, took markets by surprise on March 18th, 2021, when he fired Central Bank Governor Naci Agbal, less than five months into his first term.
Nigeria’s Central Bank Introduces ‘Naira 4 Dollar Scheme’ to Boost Diaspora Remittances
The Central Bank of Nigeria (CBN) has introduced a scheme that rewards senders and recipients of international money transfers through CBN licensed International Money Transfer Operators (IMTOs). The CBN says
Nigeria: Central Bank Facilitates Release of 50,000Mt of Maize
The Central Bank of Nigeria (CBN) has released 50,000 metric tonnes of maize into the Nigerian market. A statement from the central bank on Wednesday said the development was in
Nigeria’s Central Bank Governor Rules Out Foreign Investors’ Exclusion from Open Market Auctions
Foreign portfolio investors (FPIs) will not be barred from participating in the Open Market Operations (OMO) auctions, Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, has said. Emefiele, in
