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CBN Order Banks To Sell Dollar At N197 To Pilgrims As Parallel Rate Hits N400

The Central Bank of Nigeria, CBN, on Thursday, directed banks and authorised forex dealers to sell the Pilgrims Travelling Allowance, PTA, to intending pilgrims at a concessionary exchange rate of N197 to $1.

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CBN Orders Banks To Access Cheque Deposits Into Savings Accounts

The Central Bank of Nigeria, CBN, has directed banks to accept deposit of cheques into savings account and to begin to embed Bank Verification Number, BVN, in payment cards.

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Naira Extends Loss At Parallel Market

The Naira on Monday depreciated further against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports.

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CBN Direct Banks To Review Foreign Currency Loans

The Central Bank of Nigeria (CBN) on Wednesday urged banks to review foreign currency denominated loans in line with the Prudential Guidelines for Deposit Money Banks in the country.

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