Banking & Finance
-
206CBN sells $20,000 to BDCs at ₦1,450/$1
The Central Bank of Nigeria (CBN) announced on Thursday that it will allow eligible Bureau De Change Operators (BDCs) to purchase foreign...
-
163
CBN Skips BDCs in $122.67m Injection to Forex Market
The Central Bank of Nigeria (CBN) has injected $122.671 million into the foreign exchange (forex) market to boost dollar liquidity. Unlike previous...
-
152NDIC Advocates Collaboration to Combat Banking Fraud
The Nigeria Deposit Insurance Corporation has called on law enforcement agencies to strengthen their collaboration to curb banking fraud in the country....
-
117Recapitalisation: Retained Earnings Exclusion will Aid Transparency –Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that the exclusion of retained earnings from the recognised capital...
-
156CBN Urges FintechNGR to Establish Governance Structures for Regulatory Compliance
The Central Bank of Nigeria (CBN) has advised Fintech Association of Nigeria (FintechNGR) to work closely with stakeholders to operate within regulatory...
-
120CBN to Slow Down Rate Hikes Soon –Cardoso
The Governor of the Central Bank of Nigeria, Dr Olayemi Cardoso, has stated that it will soon be able to slow down...
-
146CBN to Sanction Banks for Rejecting Old, Small Dollar Denominations
The Central Bank of Nigeria (CBN) has threatened to sanction Deposit Money Banks (DMBs) for rejecting old and small denominations of the...
-
161Discrepancy in Account Names Delaying Heritage Bank Customers’ Payment –NDIC
The Nigeria Deposit Insurance Corporation (NDIC) says account name discrepancies in Bank Verification Numbers (BVN) linked to the alternate accounts of some...
-
149
CBN Halts FX Price Verification Portal for Importers July 1
The Central Bank of Nigeria says it will discontinue the foreign exchange price verification system portal used by importers on July 1....
-
292Nigeria’s Banking Crisis: The Role of CBN, Economic Impact and Lessons Learnt
On January 10th, 2024, the Central Bank of Nigeria (CBN) dissolved the boards and management of Union Bank, Keystone Bank, and Polaris...
