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Tag Archives: Central Bank of Nigeria

Naira Now Currency For Inernational Transfers – Nigerian Bank

NAIRA will now be the currency for international transfers facilitated by international money transfer operators, IMTOs. This is in line with the recent directives from the Central Bank of Nigeria, CBN. A recent notice from Ecobank Nigeria said several IMTOs including Western Union, MoneyGram, Rapidtransfer, Ria, and other IMTOs approved …

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CBN Gives Assurance Of Stability In Exchange Rate

THE Central Bank of Nigeria, CBN, has given assurance of stability in the naira-dollar exchange rate. CBN Governor Olayemi Cardoso said this at an interface with the Senate Joint Committee on Banking and Insurance in Abuja on Friday. “In terms of the volatility of the exchange rate, we are using …

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