The Central Bank of Nigeria (CBN) has announced that it will continue enforcing the cybercrime levy at 0.005% on all electronic transactions, as outlined in the newly released guidelines for ...
The Central Bank of Nigeria (CBN) has instructed all payment service providers to start tracking Point of Sale (PoS) transactions. This directive was issued in a circular dated September 11, ...
The Central Bank of Nigeria (CBN) has approved the allocation of $20,000 to eligible Bureau de Change (BDC) operators at an exchange rate of ₦1,580 per dollar. This information was ...
The Corporate Affairs Commission (CAC) has issued a stern reminder to Point of Sale (POS) operators across the nation regarding the expiration of their business registration deadline, originally set for ...
Nigeria's foreign trade payments through Letters of Credit (LCs) significantly declined in the first seven months of 2024, dropping by 57.04% to $391.91 million compared to $912.35 million during the ...
The Central Bank of Nigeria (CBN) has raised the Standing Deposit Facility (SDF) rates as part of its continuous attempts to control liquidity in the financial sector. Significant changes to ...
The Central Bank of Nigeria (CBN) announced today that diaspora remittances climbed by 130 percent year on year to $553 million in July 2024, compared to the same month in ...
What is today’s Dollar to Naira exchange rate in the black market, also known as the parallel market (Aboki FX)? Below is the black market Dollar to Naira exchange rate ...
The latest Purchasing Managers’ Index (PMI) report from the Central Bank of Nigeria (CBN) for July 2024 indicates a continued decline in employment levels across various sectors, reflecting ongoing challenges ...
What is the current exchange rate for the Dollar to Naira in the black market, also known as the parallel market (Aboki fx)? Below, you’ll find the black market exchange ...
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