Browsing Tag
CBN
91 posts
CBN states government accounts require OAGF mandate amid PFIPC probe
A CBN Director told a House panel that the bank only opens government accounts via OAGF mandate, while the Head of Service denied responsibility for the council's establishment.
OHCSF and CBN Disavow Links to Presidential Foreign Investment Promotion Council
Government officials from the OHCSF and CBN testified before a House committee, confirming they have no involvement with the controversial Presidential Foreign Investment Promotion Council and that its bank accounts remain unused.
Debate emerges over CBN ending direct funding for manufacturers
Industry experts are debating the impact of the Central Bank of Nigeria's withdrawal from direct manufacturing funding, with some calling for alternative support and others backing the move to refocus the bank's mandate.
President Tinubu Issues Directive to Oversee Cryptocurrency and Virtual Assets
President Bola Tinubu has implemented a new executive order to coordinate the regulation of virtual assets in Nigeria, led by the CBN, SEC, and NRS to combat fraud and improve oversight.
President Tinubu Issues Executive Order for Virtual Asset Oversight and Forms Regulatory Council
President Bola Ahmed Tinubu has introduced the Virtual Assets Coordination Executive Order 2026 and established a new regulatory council led by the CBN to curb digital fraud.
CBN Issues 24-Hour Liquidation Mandate for Unused FX Held by BDCs
The Central Bank of Nigeria has directed Bureau De Change operators to return all unused foreign exchange to the Nigerian Foreign Exchange market within 24 hours or face regulatory sanctions.
Nigerian Naira Exchange Rate Analysis: July 17, 2026
The Nigerian naira remained stable against the dollar on July 17, 2026, as the official exchange market shows minor fluctuations while analysts await the upcoming Central Bank policy meeting.
Central Bank of Nigeria Mandates BDCs to Return Unused FX to NFEM
The Central Bank of Nigeria has ordered BDCs to return unutilized foreign exchange to the NFEM market within 24 hours of the expiration of the utilization period to improve retail liquidity.
Naira Exchange Performance Against Dollar: July 16, 2026
The naira held steady at ₦1,384 per dollar in the official market on July 16, 2026, while the parallel market saw rates fluctuate between ₦1,408 and ₦1,420.
Naira Exchange Rates: July 15, 2026 Update
The naira showed mixed results on July 15, 2026, with a slight dip in the official market and an improvement in the parallel market.