Banking & Finance
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353Windfall 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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373Forex 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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645CBN 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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392
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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382NDIC 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....
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328Recapitalisation: 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...
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488
CBN 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...
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310CBN 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...
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333CBN 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...
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356Discrepancy 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...
