Banking & Finance
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196National Assembly Amends CBN Act
The National Assembly, yesterday, passed an amendment to the Central Bank of Nigeria (CBN) Act, which increased the apex bank’s threshold of...
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198CBN Clears Next-of-kin to Claim Funds in Dormant Accounts
Next of kin, legal representative, or beneficial owner have been cleared by the Central Bank of Nigeria (CBN) to make claims on...
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226CBN Classifies Inactive 10-year Accounts as Dormant
The Central Bank of Nigeria (CBN) has clarified that only accounts that have been inactive for over 10 years are eligible to...
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287DBN Secures Access to over $100b Green Climate Fund
The Development Bank of Nigeria Plc (DBN) has received the Green Climate Fund (GCF) Accreditation, becoming the first Direct Access Entity (DAE)...
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247
NASS Passes Finance Bill, Imposes 70% Levy on Banks’ Windfall Forex Profits
The National Assembly on Tuesday passed proposed amendment to the Finance Act which seeks to impose 70% levy on Banks’ windfall forex...
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201Windfall Tax: FG to Jail Defaulting Bank Executives
The Federal Government has proposed the imprisonment of principal officers of banks who refuse to comply with the one-time windfall tax on...
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195
Forex Inflow via IMTOs Hits $1.07b in Three Months –CBN
Foreign exchange inflows from International Money Transfer Operators increased by 38.86 per cent to $1.07bn in the first quarter of 2024, from...
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321CBN 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...
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203
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...
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187NDIC 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....
