Tag: CBN
CBN approves daily sales of $10,000 to 1,588 BDC operators
The Central Bank of Nigeria (CBN) has approved daily sales of 10,000 dollars to 1,588 eligible Bureau de Change operators at the rate of...
Court remands Emefiele for alleged abuse of office, $4.5bn, N2.8bn fraud
Justice Rahman Oshodi of the Ikeja Special Offenses Court on Monday remanded the embattled former Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele,...
Breaking…. Court remands Emefiele in EFCC custody for alleged abuse of...
The court remands former Central Bank Governor, Godwin Emefiele, in the custody of the Economic and Financial Crimes Commission for alleged abuse of office...
Gov Mbah urges S’East, S’South chambers of commerce to facilitate usage...
Enugu State Governor, Mr. Peter Mbah, has urged chambers of commerce in the South East and South-South to facilitate the usage of various ports...
ACAMB commends CBN’s recapitalisation requirements
The Association of Corporate & Marketing Communication Professionals of Banks (ACAMB) has commended the Central Bank of Nigeria (CBN) for its new recapitalization measures...
Naira appreciation: some sectors may witness drop in prices – -economist
A development economist, Prof. Ken Ife, says some sectors may soon witness a drop in prices as the naira appreciates against the dollar.
Ife said...
Increased capital requirements for banks will boost risk management – CCPE...
Dr. Muda Yusuf, founder of the Centre for the Promotion of Private Enterprise (CPPE), says the upward adjustment of capital requirements for banks will...
New banks’ minimum capital requirement will enable long-term loans, says ex-ANAN...
A financial expert, Dr. Samuel Nzekwe, says the Central Bank of Nigeria’s (CBN) new minimum capital requirement for Nigerian banks will enable them to...
Inflation targeting: CBN again raises benchmark interest rate
The Central Bank of Nigeria (CBN) on Tuesday announced further tightening of monetary policy by raising the Monetary Policy Rate (MPR) by 200 basis...
NGO seeks gender equality in access to business funding, investment
An NGO, HEIR Women Hub, has called for gender equality in access to business funding and investment to address challenges faced by female entrepreneurs...
CBN clears $1.5bn outstanding fx transactions, eliminates legacy backlog
The Central Bank of Nigeria (CBN) says all valid foreign exchange backlogs have now been settled.
This is according to a statement by CBN’s Acting...
Access Bank moves to acquire National Bank of Kenya
Access Holdings Plc says its subsidiary, Access Bank Plc, is in the process of acquiring the entire issued share capital of National Bank of...
Stakeholders raise concern as Nigeria’s inflation rate rises to 31.70%
The challenge of spiraling inflation and how to stem the tide has been central to stakeholder engagements in recent times.
According to analysts at CardinalStone...
LCCI backs lawmakers’ call on failed transaction reversals
The Lagos Chamber of Commerce and Industry (LCCI) has supported the House of Representatives’ call on the CBN to direct banks to upgrade their...
Senate tasks committee on thorough investigation of N30trn “Ways and Means”...
Senate has urged its ad hoc committee to ensure a thorough investigation of the N30 trillion “Ways and Means” disbursed by the Central Bank...
CBN to sanction MfBs over late, non rendition of statutory monthly...
The Central Bank of Nigeria (CBN) has urged all microfinance banks (MfBs) to ensure prompt rendition of statutory monthly returns through the FinA application.
This...
NIN-account linkage: Customers besiege banks in Ibadan, say policy unnecessary
Many Nigerians are now spending long hours in banks, seeking to link their National Identification Number (NIN) to their bank accounts.
The development is a...
