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CBN to stop selling cash to bureaux de change – Sanusi

GOVERNOR, Central Bank of Nigeria, Mr. Lamido Sanusi, said in Tokyo on Sunday that the bank would soon stop selling cash to bureaux de change. He said, “Seventy per cent… Read more »

CBN to release guidelines for banking crisis resolution

The Central Bank of Nigeria has said it will take practical steps to prevent another crisis in the banking sector. It has, therefore, announced plan to release a comprehensive framework… Read more »

UBA Gives Out Free Debit MasterCard in New Promo

Press Release Lagos; 09-10-2012: Spurred by the commitment to drive the Cashless initiative and provide value added services to customers, United Bank for Africa (UBA) Plc is introducing Free UBA… Read more »

Nigeria naira firms on offshore investors’ dollar flow

Nigeria’s naira firmed against the U.S dollar on the interbank market on Wednesday, supported by dollar inflow from offshore investors buying local debt and waning demand for hard currency, traders… Read more »

Analysts predict short, medium term stability for naira

Financial analysts have forecast a short to medium term stability in the exchange rate of the local currency to the United States dollar. Analysts at FSDH Securities, in a report… Read more »

CBN returns N5bn illegal bank charges to customers

The Central Bank of Nigeria has said that it has recovered  and returned to customers a total of N5bn wrongfully taken from depositors by banks operating in the country. It… Read more »

W’Bank Recommends Enhanced Consumer Protection on Cash-less Policy

As Nigeria continues its journey towards a cash-less society, the World Bank Monday advised the Central Bank of Nigeria (CBN) and others stakeholders on the project to take consumer protection… Read more »

Nigeria naira flat vs dlr as demand matches supply

Nigeria’s naira currency closed unchanged against the U.S dollar on the interbank market and firmed marginally at the official window on Monday, as dollar sales by oil companies comfortably met… Read more »