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    • Nigerian Naira (NGN)

Nigerian Naira (NGN) Newsletter
  • Ban on forex for food: BMO slams PDP, Moghalu 16 Aug 2019 18:19 GMT

    … the policy statement on FOREX restriction for food imports … faithfully implemented –  will save Nigeria $20 billion yearly, which could … -one years, Nigeria spent 40 trillion naira on food importation … Thanks to President Buhari, Nigeria is now on a trajectory …

  • Buhari under fire over ban on forex for food importation 16 Aug 2019 09:47 GMT

    … to stop issuing forex for food importation into Nigeria, warning that … food production and reducing Nigeria’s dependence on imported … circumstances. “In accordance with Nigeria’s constitutional and treaty … cut the billions of naira being allegedly wasted on …

  • Nigeria: CBN Lists Conditions for Disbursement of Lower Currencies to Microfinance Banks 16 Aug 2019 09:10 GMT

    The Central Bank of Nigeria (CBN) on Thursday released … naira through microfinance banks (MFBs) across the country. The Director, Currency … take part in the currency disbursement scheme. Old versus … the denomination of the currency to customers with accounts. …

  • OPS sings discordant tune over forex ban on food imports 16 Aug 2019 05:13 GMT

    … Bank of Nigeria (CBN) to restrict foreign exchange (forex) for … Can CBN save the Naira and save Nigerians? “If … Director-General, Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir … food sufficiency, conserving forex and encouraging consumption of …

  • Nigeria to save $20b from food import ban 15 Aug 2019 22:09 GMT

    … implementation of the ‘no forex for food import’ directive … is expected that Nigeria will save more forex from the directive … equipped to defend the naira against forex volatilities. Another positive … that the Central Bank of Nigeria (CBN) will implement …

  • Lifting cash-less banking with multi-currency card 15 Aug 2019 22:09 GMT

    … Multi-Currency card, FirstBank customers – within and outside Nigeria – … Also, on the FirstBank Naira Master Card, customers enjoy … Officer, First Bank of Nigeria Limited,  Adesola Adeduntan said … transactions and payments in Nigeria, while promoting financial …

  • PDP to Buhari: Reconsider forex ban 15 Aug 2019 20:33 GMT

    #TrackNigeria The Peoples Democratic Party (PDP) has advised President Muhammadu Buhari to reconsider his directive stopping the Central Bank of Nigeria (CBN) from allocating foreign exchange for food importation. PDP in a statement issued by its National …

  • Forex restriction on food import favourable to MSMEs – Association 15 Aug 2019 18:17 GMT

    … the association and manufacturers in Nigeria. Solomon Aderoju, Chairman, Lagos State … State. He said that the forex restriction would assist the Federal … value of the already weakened naira. The chairman lauded the Federal …

  • Nigeria central bank eyes second debt sale in a week to lure foreign investors - Naija247news 15 Aug 2019 15:53 GMT

    … investors taking profits, the naira is regaining focus. The … been building on the naira currency as oil prices drop … prices tightened liquidity on the currency market. A dollar shortage … debt market yields declined. Nigeria operates a multiple exchange rate …

  • Ways On How To Sniff Out Safe Online Casinos in Nigeria 15 Aug 2019 14:06 GMT

    … sports betting industry in Nigeria.  Online Gambling options … for online gambling in Nigeria: Online sportsbooks Online … casinos handle payments for Nigeria-based players Many … sportsbooks in Nigeria accept bets in the local currency – Naira. Unfortunately, …

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