July 12, 2023/CBN Further to the circular referenced TED/FEM/FPC/GEN/01/011 dated November 30, 2020 in respect of the above subject, the Central Bank of Nigeria hereby announces Naira as a payout option for receipts of proceeds of International Money Transfers. Accordingly, all recipients of diaspora remittances through the CBN approval IMTQOs […]
Money Market
Nigerian Banking Sector 2023 Mid-Year Outlook – Unearthing Potential Pass through of Policy Rejigs
July 10, 2023/Cardinalstone H1’23 witnessed numerous twists critical to the banking sector outlook. These twists included the abolition of FX market segmentation, the entrenchment of a 2-way quote system premised on the willing buyer-seller mode and plans to normalise the use of the CRR as a monetary policy tool. The […]
CBN Tell Banks to Avoid Transaction with Cameroon, Croatia, Vietnam others
July 7, 2023/CBN The Central Bank of Nigeria (CBN) on Thursday warned banks and other financial institutions against the risk of transactions with Cameroon, Croatia and Vietnam. This was contained in circular 09-46237427 with reference number FPR/AML/PUB/BOF/001/029 and signed by Chibuzo Efobi, director, financial policy and regulation, in a warning […]
