CBN

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Business News

CBN sell 10k Dollars to BDCs at N1,251/$1, ceils spread at 1.5%

Editor March 26, 2024

The Central Bank of Nigeria (CBN) has sold dollars to Bureau De Change operators at the rate of N1,251/$1. According to a statement issued by the apex bank’s Director, Trade and Exchange Department, Dr...

CBN withdraws license of 2 Kwara Microfinance Banks, 130 others

Editor May 23, 2023

The Central Bank of Nigeria on Tuesday revoked the operating licenses of 132 microfinance banks in the country, 2 of which are based and operational in Kwara State. This was disclosed in the official...

CBN Finally Bows to Pressure, Direct Banks to accept, issue old N200, N500, N1,000 notes

Editor March 13, 2023

The Central Bank of Nigeria (CBN) has finally broken its silence saying the old N200, N500, and N1,000 banknotes remain legal tender till December 31, 2023. The apex bank’s Acting Director of Corporate Communications,...