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Naira strengthens to N1,440/$ in parallel market

The naira saw an uptick, reaching N1,440 per dollar on Friday, compared to Thursday's rate of N1,450 per dollar.

Hassan mahmudNigerian foreign exchange marketCentral bankInternational money transfer operatorsNigerian foreign exchangeInternational money transfer

Naira strengthens slightly to N1,440/$ in parallel market | Nigerian News, Latest Nigeria In News Nigeria News Your online Nigerian Newspaper

Naira strengthens slightly to N1,440/$ in parallel market | Nigerian News, Latest Nigeria In News Nigeria News Your online Nigerian Newspaper
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Hassan mahmudInternational money transfer operatorsCentral bankNigerian foreign exchange marketNigerian foreign exchangeInternational money transfer

Operation Rescue Naira: FG considers converting $30bn domiciliary deposits to naira

There are strong indications that FG is mulling a policy that will result in conversion of foreign currencies in domiciliary accounts to naira

Abuja federal capital territoryNigeria generalBola tinubuAminu gwadebeOlayemi cardosoOla olukoyedeInternational moneyFinancial crimes commissionGovernor of the central bankAssociation of bureau de change nigeriaNigerian foreign exchange market onBureau deSecurity exchangeAllocation committeeInternational money transfer operationsCentral bank

Nigerian Central Bank Bans Banks, Fintechs From International Money Transfer Services, Hikes Application Fee By 1,900%

The Central Bank of Nigeria (CBN) has banned banks and financial technology companies (fintechs) from international money transfer services. The apex bank announced the new development in the revised guidelines for the operations of IMTOs, which were officially released on January 31, 2024. According to the document published on its website, Nigeria's bankers bank excluded individuals from the management of banks, shareholders, and officers of a bank.

Hassan mahmudExchange rate quotedArticles of association certified trueNigerian foreign exchange marketFinancial technology companiesInternational money transfer operators imtosInternational money transfer operatorsCentral bankExchange departmentInternational moneyInternational money transferTen million nairaCertified true copyAll authorised dealersNigerian foreign exchangeGeneral public

CBN orders banks to sell excess dollars in 24 hours

Amid fresh moves to stabilise the nation’s volatile exchange rate, CBN has ordered Deposit Money Banks to sell their excess dollar

Olayemi cardosoHassan mahmudNigerian autonomous foreign exchange marketA bureau deCommittee on bankingSecurities exchangeFirst bankCentral bankNigerian foreign exchange fx marketNational assemblyGovernor of central bankSecurity exchangeSenate tuesdayDeposit money banksReporting requirementsForeign currency exposures

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