Revised rules Released by CBN

The Central Bank of Nigeria (CBN) has announced the release of revised rules for the clearing system of Deposit Money Banks. The apex bank’s Director of Banking and Payments System Department, Dipo Fatokun, said the circular issued to banks, mobile money operators and payment service providers was in furtherance of its mandate for the development […]

CBN, China seal currency swap agreement

The Central Bank of Nigeria (CBN) says on Thursday that it has signed the bilateral Currency swap agreement with the the Peoples Bank of China (PBoC). A statement by the apex Acting Director of Communications, Mr Isaac Okorafor noted that the Governor Mr. Godwin Emefiele, led CBN officials while PBoC Governor, Dr. Yi Gang, led […]

CBN releases $210 million for interbank exchange market

Central bank said on Wednesday it had injected $210 million into the interbank foreign exchange market, extending efforts to boost liquidity and alleviate dollar shortages. The bank said in a statement it had released $100 million earmarked for the wholesale market, $55 million for small businesses and individuals, and $55 million for certain dollar expenses […]

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