CBN Directs Banks, BDCs to Accept Lower US Dollar Denominations
The Central Bank of Nigeria (CBN) has issued a directive to Deposit Money Banks (DMBs) and authorised forex dealers, directing ...
Tag: IMTOs
FX Market and CBN’s Push to Secure Naira: Can VPN Safe Cryptocurrency Traders?
The constitutional roles and functions of the Central Bank of Nigeria were enshrined in the 1958 Act of Parliament, and ...
CBN’s Directive to IMTOs May Divert FX Liquidity to Parallel Market, Cryptocurrency – Experts
Afolabi Oriyomi, an expert in the financial services industry and the research head, research head, Young Professionals and Emerging Leaders ...
Naira Weakens as Banks’ Dollar Sales Drops by $252m
Dollar sales by Deposit Money Banks (DMBs) and other entities at the Nigeria Autonomous Foreign Exchange Market plunged by $252m ...
Forex: CBN Directives on Naira Remittance Will Prevent Hoarding, says Bewaji
Dr. Wunmi Bewaji, a securities and financial regulation law expert, said that the directives of the Central Bank of Nigeria ...
WorldRemit, Sendwave, Other IMTOs Halt Forex Remittance Payments
International Money Transfer Operators (IMTOs) are beginning to implement the Central Bank of Nigeria (CBN’s) directive barring them from paying ...
