CBN governor, Godwin Emefiele, accuses the website of “illegal activity that undermines the economy”. The Central Bank of Nigeria has accused the Abokifx, a website that collates the black market exchange rates of naira, of carrying out an “illegal activity that undermines the economy”. The CBN governor, Godwin Emefiele, said the publisher of platform, Oniwinde Adedotun, […]
Tag: cbn
CBN Licenses 10 More International Money Transfer Operators
CBN – The Central Bank of Nigeria (CBN) has granted operating licences to 10 additional international money transfer operators (IMTOs) as part of efforts to boost diaspora remittances. With the new licences issued, the total number of IMTOs operating in the country now stands at 57.In an updated post on its website yesterday, CBN listed […]
CBN prevails on banks not to sack workers
CBN – The Central Bank of Nigeria and the Bankers’ Committee have jointly agreed to suspend sacking of workers in the banks during the COVID-19 pandemic. A statement signed by the Director, Corporate Communications, Mr Isaac Okorafor, said a special meeting of the Bankers’ Committee was convened on May 2, 2020, to further review the […]
CBN Injects $341.75m, CNY14.7m – Retail SMIS Forex Intervention
CBN – The Central Bank of Nigeria has intervened in the Retail Secondary Market Intervention Sales (SMIS), to the tune of $341.75 million in addition to CNY14.7 million in the spot and short-tenored forwards segment of the inter-bank foreign market. CBN Director in charge of Corporate Communications Department, Mr. Isaac Okorafor, made the disclosure, on […]
Emefiele finally reacts to rumours that President Buhari has sacked him
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has finally reacted to rumours that he has been asked by President Muhammadu Buhari to begin packing his wares out of his office, ahead of a sack announcement. The social media space has been rife with rumours that Buhari has fired Emefiele, pending a statement […]