BDC Operators To CBN: Adjust N1,251/$1 Buy Rate Downward
As the value of the Naira strengthens against US dollar, the Association of Bureaux De Change Operators of Nigeria (ABCON), ...
Tag: Central Bank of Nigeria (CBN)
After Importers Uproar, CBN Slashes Customs FX By 5.3%
The Central Bank of Nigeria (CBN), on Friday, reduced the exchange rate for computing import duty at the nation’s seaports ...
Special CBN Investigator, Obazee Completes Assignment
President Bola Tinubu has thanked Jim Obazee, former chief executive officer of the Financial Reporting Council of Nigeria (FRC), for ...
Hardship: Respite As CBN Slashes Customs Exchange Rate By 19.2% In 2 Weeks
Nigerians are expected to heave a sigh of relieve as prices of goods are expected to go down in the ...
New CBN Capital: 25 Banks Need N3.89trn Fresh Funds To Meet Requirements
Going by the new capital requirements released by the Central Bank of Nigeria (CBN) for commercial, non-interest and merchant banks ...
Reps Panel Accuses CBN, Banks Of Sharing N15bn Remittance
The House of Representatives Public Accounts Committee has accused the Central Bank of Nigeria (CBN) and commercial banks of complicity ...
Fresh Hurdles For Banks As CBN Raises Capital Requirement To N500bn, N200bn
Banks in the country face the fresh hurdle to raise their minimum capital requirements to N500 billion and N200 billion ...
BREAKING: CBN Pegs Minimum Capital Bases For Banks At N500bn, N200bn
Days after urging Nigerian banks to expedite action on the recapitalisation of their capital base in order to strengthen the ...
Respite As CBN Slashes Customs Exchange Rate By 3%
The naira’s continuous rise in both the official and parallel markets has brought some measures of reprieve for Nigerian ...
CBN’s 24.75% Rate Hike Puts Borrowers On The Edge
The further tightening of the Monetary Interest Rate to tame elevated inflation by the Central Bank of Nigeria (CBN) may ...
