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All posts tagged "Naira"

  • Naira continues to depreciate at parallel market

    The Naira on Wednesday continued to depreciate against the dollar at the parallel market in spite of the sale of foreign currency to operators of Bureau de Change (BDC) It lost N1.00 to the dollar on Wednesday...

    • Posted October 7, 2015
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  • Naira records gain against dollar

    The Naira appreciated against the dollar at the official and the parallel markets as at close of trading on Friday. The News Agency of Nigeria reports that the naira exchanged at N225 for a dollar as against...

    • Posted March 22, 2015
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  • CBN revokes licence of 20 BDCs

    The Central Bank of Nigeria (CBN) has revoked the licence of 20 Bureau De Change (BDC) companies for foreign exchange malpractice. Malam Sanusi Lamido Sanusi disclosed this at Ikoyi Club 75th Anniversary Lecture held in Lagos on...

    • Posted September 27, 2013
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  • Sanusi launches revised payment system document

    Malam Sanusi Lamido Sanusi, the Governor of Central Bank of Nigeria (CBN), has launched the revised version of the Nigeria Payment System (NPS) Vision 2020 Strategy Document. Sanusi, who launched the document during an International Conference on...

    • Posted September 18, 2013
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  • Why CBN’s monetary policy tightening is necessary – Aig-Imoukhuede

    Group Managing Director of Access Bank Plc, Aigboje Aig-Imoukhuede says the tight monetary policy stance adopted by the Central Bank of Nigeria (CBN) is in the interest of the economy. Addressing a media parley at the bank’s head...

    • Posted September 6, 2013
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  • CBN sells forex worth $258.5m

    The Central Bank of Nigeria on Monday sold $258.5m (N40.06bn) worth of foreign exchange at its bi-weekly Wholesale Dutch Auction System. The News Agency of Nigeria reported that the CBN sold $263.67m at the previous WDAS on August 28....

    • Posted September 4, 2013
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  • Reps investigate illegal ATM deduction, as 1st quarter deduction hits over N8.6bn

    House of Representatives has concluded plans to investigate into various petitions bothering on wrongful withholding of customs monies through malfunctioning Automated Teller Machines (ATM). Central Bank of Nigeria (CBN) reportedly confirmed banks in Nigeria have defrauded unsuspecting...

    • Posted June 3, 2013
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  • Customs admits revenue leakages, as waivers threaten N1.4tr revenue target

    Revenue leakages in the system, duty waivers and concessions granted by the Federal Government now pose serious threat to achievement of the N1. 4 trillion revenue target set for the Nigeria Customs Service for the 2013 fiscal year....

    • Posted April 28, 2013
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  • Finance Ministry abandons Customs warehouse for 7 years

    Over seven years after the award of contract for the construction of a government warehouse for seized goods at the Ogun State Command of the Nigeria Customs Service (NCS) in Abeokota by the Federal Ministry of Finance,...

    • Posted April 26, 2013
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  • I will not renew my contract with Central Bank – Sanusi

    The governor of the Central Bank of Nigeria (CBN), Mallam Lamido Sanusi Lamido has said that he will not renew his contract when it expires. According to a report by, Sanusi said he was never interested...

    • Posted March 21, 2013
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