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Tag: CBN

Customs duty exchange rate drops to ₦1,364/$

The Central Bank of Nigeria (CBN) has adjusted the import duty exchange rate lower from ₦1,405/$ to ₦1,364/$, even...

CBN introduces FX price verification system portal for importers

The Central Bank of Nigeria (CBN) has introduced a foreign exchange (FX) price verification system (PVS) portal to enable...

How to Stay Safe from Threats Piercing the Nigeria Digital Financial Services (DFS)

According to experts in the financial sector, Nigeria loses about N200 billion per year to cybercrime. Today, more and...

CBN to sanction shipping lines exporting undocumented cargoes

The Central Bank of Nigeria (CBN) has threatened to sanction shipping companies exporting undocumented cargoes from the country. CBN Governor,...

Non-oil exporters repatriated $4.99bn in 2022 – Emefiele

The Central Bank of Nigeria said that non-oil exporters repatriated the sum of $4.99 billion into Nigeria in 2022. CBN...

Buhari unveils new naira currency notes

President Muhammadu Buhari has unveiled the new currency notes on Wednesday morning before the federal executive council (FEC) meeting...

Nigeria’s Digital Currency “eNaira” Explained, Plus 20 Things to Note

While Nigeria’s Central Bank Digital Currency (CBDC), eNaira, has kicked off and already playing into the country's economy, many Nigerians...

100 for 100 Policy: CBN Disburses N23.2bn to 28 Manufacturers across the country

The Central Bank of Nigeria (CBN) has disbursed a total of N23.20 billion to 28 companies whose projects were...

Questions & Answers on Nigerian Currency (₦) Naira

We took a look at quick current affairs on Nigerian Naira. These questions and answers will guide you to...

History and Evolution of Banking in Nigeria

The origin of modern banking in Nigeria dates back to 1883 when the African banking corporation was established followed...

8 Things To Know About Milk And Dairy Products Importation In Nigeria

The Central Bank of Nigeria recently announced some changes regarding the Importation of milk and it's derivatives in Nigeria. The...