Tag: CBN
Ex-ANAN president lauds CBN for revoking 4,173 BDC licences
Dr. Samuel Nzekwe, a former President of the Association of National Accountants of Nigeria (ANAN), has commended the Central Bank of Nigeria (CBN) for...
Investors oversubscribe CBN N1trn OMO bills
The Central Bank of Nigeria (CBN) has successfully concluded the sale of government securities following the issuance of N1.053 trillion (680 million dollars) in...
CBN revokes licenses of 4,173 BDCs
The Central Bank of Nigeria (CBN) has announced the revocation of operational licenses for 4,173 Bureau de Change (BDCs) for failure to observe some...
BVN/NIN linkage: Lagos residents besiege banks, seek extension
Bank customers have continued to besiege various bank branches in Lagos to meet Central Bank of Nigeria (CBN) deadline for linking bank verification numbers...
Reps summon CBN Governor on alleged revenue leakages
The House of Representatives Public Account Committee (PAC) has summoned the Central Bank of Nigeria (CBN) Governor, Mr. Olayemi Cardoso, to appear before it...
Stock market declines further by N773bn on MPR hike
Transactions on the stock market closed negative on Tuesday for the secondary day, depreciating further by 1.38 percent in reaction to the outcome of...
Naira grossly undervalued – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Mr. Yemi Cardoso, says the naira is grossly undervalued.
Cardoso said this on Tuesday in Abuja,...
BDC: CBN mandates sellers above $10,000 to declare sources
The Central Bank of Nigeria (CBN) has mandated foreign exchange sellers to the Bureau de Change (BDC) of the equivalent of 10,000 dollars and...
CBN issues revised draft regulatory and supervisory guidelines for BDCs, Stakeholders
The Central Bank of Nigeria (CBN) has issued a draft of revised regulatory and supervisory guidelines for all Bureau de Change (BDC) operators and...
ABCON boss cautions members on regulatory infringement
The Association of Bureau De Change Operators of Nigeria (ABCON) has cautioned its members on the need to abide by the existing laws establishing...
Alleged unlawful detention: Court orders CBN to pay German N63.7m, $10000...
A Federal High Court in Abuja on Thursday ordered the Central Bank of Nigeria (CBN) to pay a German, Martin Gegenheimer, the sum of...
NUPRC Initiates Relocation of Departments to Lagos
Abuja, February 15, 2024: The Nigerian Upstream Regulatory Commission (NUPRC) has commenced the process of relocating certain departments from Abuja to Lagos, three years...
Sanusi Defends Tinubu Administration Amid Economic Criticism
Abuja, Nigeria, February 12, 2024: Mohammed Sanusi, former Governor of the Central Bank of Nigeria, has spoken out against blaming President Bola Tinubu's administration...
Civil Unrest Over Economic Hardship Grips Nigeria, Government Responds
ABUJA - Amidst recent protests in Kano and Niger states over escalating economic hardships, civil society organisations (CSOs) and stakeholders warn President Bola Ahmed...
Digital lending will lead service sector growth, says CBN
Mobile money and digital lending will lead to growth in the service sector in 2024, the Governor of the Central Bank of Nigeria, Olayemi...
Naira strengthens to N1,440/$ in parallel market
The naira saw an uptick, reaching N1,440 per dollar on Friday, compared to Thursday’s rate of N1,450 per dollar.
Additionally, it experienced appreciation to N1,435.53...
DSS Denies Arrest of Former CBN Deputy Governor Aisha Ahmad
January 13, 2024 (Quick News Africa) - The Department of State Services (DSS) has refuted reports circulating on the internet claiming the arrest of...
