The Central Bank of Nigeria (CBN), said it resolved 3,890 complaints lodged by customers against banks and other financial institutions in the first six months of this year. The apex bank made this disclosure in its Half-Year Economic Report for 2018. It reported that 1,439 of the complaints were against banks while the remaining 2,451 […]
The Central Bank of Nigeria (CBN) on Wednesday said that the currency swap agreement with the People’s Bank of China (PBoC), was not intended to serve the needs of substandard or adulterated goods importers in the country. The Governor of the apex bank, Mr. Godwin Emefiele, made this clarification at the Currency Swap Forum for […]
Apparently determined to ensure that the benefits of the recent bilateral currency swap deal between it and Peoples Bank of China (PBoC) accrue to the country, the Central Bank of Nigeria (CBN) has embarked on nationwide enlightenment campaigns on how importers and exporters could tap into deal’s opportunities. Already, officials in the trade and marketing […]
The Bankers’ Committee has endorsed Nigeria’s Chinese Yuan currency swap arrangement, describing it a monetary measure with great potential to help Nigeria’s efforts aimed at shoring up her dollar-denominated foreign reserves. The bankers, at the end of their meeting in Lagos, noted that Nigeria importers may also pay less if they get Renminbi invoices from […]
The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has announced Standard Chartered Bank and Stanbic IBTC Bank as settlement banks in currency swap agreement between it and Peoples Bank of China (PBoC). This is even as the apex bank also announced plans to release framework for the currency swap deal between the two […]