PSB

Business

CBN Approves Dollar Sales by Payment Service Banks

Sam Diala, THEWILL -
October 25, (THEWILL) – The Central of Nigeria (CBN) has released the supervisory framework for Payment Service Banks (PSBs) which, among other things, empowered the PSB operators to sell foreign currencies, especially dollars, to authorised foreign exchange dealers. The CBN...
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Latest News

HeadlineSegun Adeyemi, THEWILL -

CBN Puts Excess Cash, FX Demand Under Watch Ahead of Nigeria’s 2027 Polls

Central Bank of Nigeria (CBN) Governor Olayemi Cardoso said the bank had developed different scenarios for managing the expected increase in money circulation during the election period and would base its response on economic data rather than assumptions.
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