August 29, 2020/CBN The Central Bank of Nigeria (CBN) via a circular referenced FPR/DIR/GEN/CIR/07/018 dated October 26, 2018, issued the Guidelines for the Licensing and Regulation of Payment Service Banks in Nigeria. Stakeholders are invited to note that the Guidelines have been reviewed and updated in response to market developments […]
Money Market
Naira gains, exchanges for N470/$
August 29, 2020/Punch Nike Popoola The naira gained slightly on Friday, exchanging for N470/$ in the parallel market in the evening, after selling at N476/$ in the morning. This followed the Central Bank of Nigeria’s announcement on Thursday to resume forex sales to the Bureau De Change segment of the […]
CBN Announces Applicable Exchange Rate for the Disbursement of Proceeds of IMTOs Wef August 31, 2020
August 27, 2020/CBN Please be advised that the applicable exchange rate for the disbursement of proceeds of IMTOs for the period Monday August 31 to Friday September 04, 2020 is as follows: IMTSOs to Bank N382/1USD Banks to CBN N383/1 USD CBN to BDCs N384/1 USD BDCs to […]
