5 results
- 25 May 2024
CBN Sacks 300 Staff, 14 Directors Affected
Central Bank of Nigeria (CBN) has reportedly sacked about 300 staff members amongst them 14 directors. The layoff of the staff brings the list of those so far disengaged from the bank under Olayemi…
- 19 Nov 2020
CBN Lists Conditions to Relax Third Party Forex Purchase Policy
Central Bank of Nigeria (CBN) has given conditions to allow the opening of Forms 'M' by companies whose forex payments are routed through a buying company, agent, or other third parties. The CBN…
- 30 Nov 2020
CBN Removes Restriction on Forex Receipt through Domiciliary Accounts
Beneficiaries of Diaspora remittances through International Money Transfer Operators (IMTOs) shall henceforth receive such inflows in the foreign currency (US Dollars) through the designated bank of…
- 18 Jun 2023
CBN Approves eNaira as Payment Option for Diaspora Remittance
The Central Bank of Nigeria (CBN) has announced the introduction of its digital currency known as the eNaira as a payment option to recipients of diaspora remittance. The apex bank said the move was…
- 13 Jul 2023
CBN Directs Banks to Pay Diaspora Remittances to Beneficiaries in Naira
Central Bank of Nigeria (CBN) has directed International Money Transfer Operators (IMTOs) to commence remittances pay-out in both Naira and foreign exchange to beneficiaries, according to Vanguard…