Skip to main content

Posts

Showing posts with the label CBN

CBN Crashes U.S. Dollar to N360, Orders Banks to Implement New Template

The Central Bank of Nigeria (CBN), on Monday said it would sell dollars to banks at N357 and directed them to sell to their customers at N360 with immediate effect.

CBN Raises the Alarm over Activities of Unregistered Int’l Money Transfer Operators in Nigeria

Central Bank of Nigeria (CBN) on ‎Tuesday raised the alarm over the activities of those it termed  unregistered international money transfer operators, and warned Nigerians against having dealings with such organisations. Acting Director, Corporate Communications at the CBN, Mr. Isaac Okorafor‎, said in a statement that the unregistered international money transfer operators pose serious danger to the  nation’s economy. In the statement, titled: “Beware of Unregistered Money Transfer Operators”, Okorafor said: “The Central Bank of Nigeria (CBN) wishes to advise Nigerians at home and in the Diaspora to beware of the unwholesome activities of some unlicensed International Money Transfer Operators (IMTOs) in Nigeria. “This warning has become necessary because of the activities of some unregistered IMTOs, whose modes of operation are detrimental to the Nigerian economy. “All financial service providers in Nigeria, just as in other jurisdictions, are required to be d...