Tuesday, June 22, 2021

FITC inaugurates  Future of Work Academy for youths

The Financial Institutions Training Centre (FITC) has launched its Future of Work Academy (FOWA). This is line with its commitment to continuously bridge the...
Home Banking & Finance Exchange Rates

Exchange Rates

WorldRemit Sustains ‘Naira 4 Dollar’ Policy Implementation

WorldRemit, a global cross-border payments company, says it will continue to reward customers who receive international money transfers through partner banks in Nigeria. As one...

IMF: Country Specific Measures For Unconventional Times

The International Monetary Fund (IMF) has listed specific measures adopted by countries to overcome economic challenges triggered by the Covid-19 pandemic. In a report released...

Nigerians Reject Limits On $100 Debit Card Spending Abroad

Nigerians are not happy with their banks for slashing card spending limit on foreign transactions from $500 to $100 over dollar scarcity. Many of...

IMF Lists Dangers of Dollar Loans For Emerging Markets  

The International Monetary Fund (IMF) has said dollar loans through the bond market come with heavy implications for emerging markets, like Nigeria, including putting...

BDCs Wage War Against Forex Speculators, Black Market Dealers 

The Central Bank of Nigeria (CBN)-licenced Bureaux De Change (BDC) operators have declared operational war against foreign exchange speculators and black market dealers distorting...

New Remittance Policy Reduces Cost, Checks Round-tripping- CBN

Further to the introduction of its new “CBN Naira 4 Dollar Scheme” which comes into effect on Monday, March 8, 2021, the Central Bank...

Emefiele Suggests Naira Has Been Devalued to N410/$

The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele has suggested the nation’s currency has been devalued. Addressing bankers at a summit on the economy...

MPC member wants naira exchange rates adjusted- report

A Member of the  Monetary Policy Committee (MPC), Prof. Adeola Adenikinju has advised the apex bank to 'creatively adjust' the exchange rate at minimum...

WorldRemit Notes CBN Mandate on Dollar Account Opening 

Nigerian banks now mandated to open USD bank accounts for those receiving international money transfers WorldRemit, a leading cross-border digital payments service, welcomes the Central...

OPS Advise CBN To Reintroduce WDAS  Forex Regime 

Manufacturers and industrialists under the Orgnasised Private Sector (OPS) have called on the Central Bank of Nigeria (CBN) to review it foreign exchange policy...

Naira upbeat over $36.4b foreign reserves 

The naira remains stable at the official and parallel markets,  with the foreign exchange (forex) reserves standing at $36.4 billion, data from the Central...

Diaspora Remittances: Mobile Money Cartel Kicks Against  Dollar Pay For Beneficiaries 

Mobile money Cartel, the Association of Licensed Mobile Payments Operators (ALMPO) is asking the Central Bank of Nigeria (CBN) to stop policy allowing beneficiaries...
- Advertisment -
- Advertisment -

Most Read