Banking & Finance
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172CBN 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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236DBN 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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198NASS 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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146Windfall 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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146Forex 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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175CBN 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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154
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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140NDIC 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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108Recapitalisation: 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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142
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...
