February 23, 2016/Punch The naira rose to 375 against the dollar at the parallel market on Monday as the demand for the greenback began to drop. The demand for the United States’ currency, which closed at 390 against the naira on Friday, had been on the rise in the past […]
Tag: Central Bank of Nigeria
Banks Refund over N6.2 Billion Illegal Charges in 2015-CBN
—-Urges Customers to Report Rogue Banks By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Friday disclosed that Deposit Money Banks (DMBs) in Nigeria have been compelled to refund the sum of over N6.2 billion to affected customers on illegal charges in 2015 alone. The CBN said this is […]
CBN Says School Fees, Medicals Remain Eligible for FOREX Allocation
February 19, 2016/CBN Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) wishes to clarify to the general public that it has NOT stopped the allocation and sale of Foreign Exchange for purposes of paying school fees and settlement of medical bills overseas.The Bank therefore urges members of the public to disregard […]
