Central Bank of Nigeria – Page 6

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Annual US Dollar Remittances to Nigeria Surge to $34 Billion but Forex Woes Persist

Post author:MiamiCrypto
Post published:August 31, 2021
Post category:Biodun Adedipe Central Bank of Nigeria cross border remittances Emerging Markets Foreign exchange inflation naira naira depreciation Nigerian diaspora remittances

According to a report, the value of annual dollar remittances by Nigerians working abroad has surged to $34 billion, a figure that easily surpasses the previous record-high of $25 billion.…

Nigerian Central Bank Reveals CBDC Guidelines, Announces Plan to Launch E-Naira Wallet

Post author:MiamiCrypto
Post published:August 30, 2021
Post category:AML CBDC Central Bank of Nigeria Digital Currency e-naira Fintech legal tender licenced financial institutions licensed

The Central Bank of Nigeria (CBN) has reportedly confirmed that its e-naira digital currency will have a legal tender and non-interest-bearing asset status. In addition, a limit on customer transactions…