By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Wednesday warned authorised dealers on funding of classified items regarded as “Not Valid for Forex”. This is contained in a circular with reference number TED/FEM/FPC/01/012 dated July 1, 2015 and signed by Olakanmi Gbadamosi, director, Trade & Exchange Department. The […]
Money Market
CBN Lowers FOREX Benchmark, Naira Slides 0.88% in Black Market
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Tuesday lowered its foreign exchange (FOREX) benchmark as the naira falls to N228 to the dollar on the parallel (black) market, down 0.88 percent from the previous day, according to a Reuters report. The report says on the […]
Nigeria’s Central Bank Extends BVN Enrollment Deadline to 31st October, 2015
June 30, 2015/CBN You would recall that as part of its efforts in the implementation of the Bank Verification Number (BVN) Project, the Central Bank of Nigeria issued circulars stipulating milestones for the successful completion of the Project. One of such milestones was that by June 30, 2015, all Deposit […]
