Business

CBN Bars 16 Banks from SME Forex Window

May 4, 2017 James 0

The Central Bank of Nigeria on Tuesday barred 16 Deposit Money Banks from participating in the Small and Medium-scale Enterprises window of the foreign exchange market. In a statement issued by its Acting Director, Corporate […]

Business

CBN Introduces “Form X” for SMEs

April 18, 2017 James 0

The Central Bank of Nigeria (CBN) has introduced “Form X” for the Small and Medium Scale Enterprises (SMEs) seeking to purchase foreign exchange. The CBN said the decision was part of its commitment to increase […]

Uncategorized

CBN Fixes New Forex Rates

March 27, 2017 Oge Jennifer 0

The Central Bank of Nigeria has just introduced new Forex rates and would no longer trade the naira at N375 per dollar for invisibles, such as school fees, medical bills and travel allowances. CBN has […]