31/08/2016 – Naira Exchange Rate

 DollarsPoundsEuro
Buy/SellBuy/SellBuy/Sell
AM418/420525/540450/464
Mid418/420525/540450/464
PM-- / ---- / ---- / --
Official BDC and CBN exchange rate for Naira against Dollar,

CBN Licenses 11 New International Money Transfer Operators

Full List CBN Licenses 11 New International Money Transfer Operators  : The Central Bank of Nigeria has licensed 11 new international money transfer operators in the country.

The Acting Director, Corporate Communications, Isaac Okorafor said in a statement on Tuesday, …

30/08/2016 – Naira Exchange Rate

 DollarsPoundsEuro
Buy/SellBuy/SellBuy/Sell
AM410/412520/538450/458
Mid412/416520/538450/463
PM-- / ---- / ---- / --
Official BDC and CBN exchange rate for Naira against Dollar, Pounds and Euro for 30/08/2016.

29/08/2016 – Naira Exchange Rate

 DollarsPoundsEuro
Buy/SellBuy/SellBuy/Sell
AM407.5/409.5534/538455/465
Mid408/412530/535460/465
PM408/412530/535460/465
Official BDC and CBN exchange rate for Naira against Dollar, Pounds and Euro for 29/08/2016.

CBN warns banks on illicit money transfer flows

The Central Bank of Nigeria (CBN) has directed commercial banks to conduct Know Your Customers’ Businesses (KYCB) to ensure customers do not transact illegal or illicit remittances through the banking industry.

The CBN gave the directive to authourised dealers, mainly …

26/08/2016 – Naira Exchange Rate

 DollarsPoundsEuro
Buy/SellBuy/SellBuy/Sell
AM410.50/412.50534/537445/455
Mid410.50/412.50534/537445/455
PM410.50/412.50534/537445/455
Official BDC and CBN exchange rate for Naira against Dollar, Pounds and Euro for 26/08/2016.

25/08/2016 – Naira Exchange Rate

 DollarsPoundsEuro
Buy/SellBuy/SellBuy/Sell
AM398/407528/533460/463
Mid396/408530/536460/463
PM396/408530/536460/463
Official BDC and CBN exchange rate for Naira against Dollar, Pounds and Euro for 25/08/2016.

24/08/2016 – Naira Exchange Rate

 DollarsPoundsEuro
Buy/SellBuy/SellBuy/Sell
AM394/397513/518404/445
Mid399/401508/515.3440/447
PM399/404508/515.3440/447
Official BDC and CBN exchange rate for Naira against Dollar, Pounds and Euro for 24/08/2016.

Central Bank of Nigeria bars nine banks from forex transactions

Nigeria’s Central Bank has barred nine commercial banks from all foreign exchange transactions and operations.

CBN Governor, Mr Godwin Emefiele

The banks were barred for hiding some $2.12 billion belonging to the nation’s oil corporation, the Nigerian National Petroleum Corporation …