August 9, 2016/CBN Further TO the Circular Reference No. TED/FEM/FPC/GEN/01/004 Dated July 22, 2016, which granted approval to Authorised Dealers who are agents to approved International Money Transfer Operators (IMTSO) to sell foreign currency accruing from inward money remittances to licensed Bureaux De Change Operators (BDCs), the following additional requirements […]
Money Market
BVN: CBN Extends Deadline to December 2016 for Nigerian Banks Customers in Diaspora
August 9, 2016/CBN You will recall that as part of its efforts towards ensuring full implementation of the BVN project, the central Bank of Nigeria released the guidelines for the enrolment of Nigeria banks’ customers in diaspora in August 2015. The move was to ensure that the Nigerian Banks’ customers […]
FG Approves N197/$1 for 2016 Hajj Pilgrims
August 8, 2016/CBN Authorised Dealers and the general public are hereby notified of the following arrangements for 2016 Hajj operations. Each pilgrim is entitled to purchase a minimum of US$750.00 and a maximum of US$1,000.00 as PTA. The Federal Government has approved that intending pilgrims are to be sold the […]
