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Business

We Didn’t Order Banks To Transfer Funds In Domiciliary Account To UBTF-CBN

The Central Bank of Nigeria (CBN) has said that it did not order banks to transfer funds in domiciliary accounts of Nigerians to the...

Business

No Plan To Convert $30bn Domiciliary Account Deposits To Naira— CBN

The Central Bank of Nigeria has denied reports that it planned to convert a $30bn domiciliary deposit to naira.This rebuttal is coming after reports...

Business

CBN says report of $30bn domiciliary account to be conversion to naira is ‘fake news’

In a swift response to widespread online speculation, the Central Bank of Nigeria (CBN) has vehemently denied plans to forcefully convert $30 billion from...

Business

CBN Issues Further Guidance on Operational Changes to Foreign Exchange Market

(CBN Press Release) Following the Central Bank of Nigeria (CBN) press statement of June 14, 2023, on new guidelines in the foreign exchange market,...

Business

CBN Lifts Cash Deposit Restriction On Domiciliary Accounts, Pegs Daily Withdrawal At $10,000

The Central Bank of Nigeria has lifted the cash deposit restrictions placed on domiciliary accounts, stating that holders of such account are permitted to...

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