Banking & Finance
-
272AfDB Okays $500m Fresh Loan for Nigeria
The African Development Bank Group has approved a loan of $500m to the Federal Government to finance the first phase of the Economic...
-
211National 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...
-
213CBN 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...
-
239CBN 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...
-
311DBN 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)...
-
259
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...
-
213Windfall 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...
-
207
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...
-
342CBN 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...
-
223
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...
