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Tag Archives: Central Bank of Nigeria

The Naira may record gains next week

The naira is expected to stabilise on the parallel market after international money transfer agencies started selling dollars to Bureau De Change operators in line with the Central Bank of Nigeria directive. “We have started receiving dollar supply from Travelex and we expect this to gradually impact positively on the …

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Nigeria pledges to remove business obstacles by the end of 2017

Vice President, Professor Yemi Osinbajo, on Tuesday said the federal government would remove all obstacles to doing business in Nigeria before the end of 2017. He said this during the public presentation and First Annual Lecture of THE INTERVIEW Magazine in Abuja. The magazine is published by Azubuike Ishiekwene, a …

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Central Bank of Nigeria imposes a new biased and draconian rule on money remittance

The Central Bank of Nigeria has suddenly changed its policy toward money transfer operators, effectively blocking many services used by Nigerians to send money to and from the country. The decision to revoke the licenses of all but three money transfer companies was backed by a warning, issued on Tuesday, …

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CBN Governor tells Nigerians not to panic as bank shake-up looms

Nigeria’s Godwin Emefiele is urging people not to panic about the banking system, saying he is on top of any trouble resulting from the worst crisis in Africa’s biggest economy for decades. For now, depositors and investors are generally giving the Central Bank of Nigeria Governor the benefit of the …

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