Again, CBN Sells $148m To 29 Authorised Dealers
The Central Bank of Nigeria (CBN) sold a cumulative amount of US$148m to Authorised Dealers in the Nigerian Foreign Exchange Market (NFEM) to provide liquidity...
Category : Banking and Finance
CBN Act Amendment: Cutting the Head Off to Treat Headache?
By Dayo Omoogun There is palpable anger against the Emefiele regime that held sway at the Central Bank of Nigeria from June 2014 to June...
CBN Sells $20,000 to BDCs To Meet Invisible Transactions
The Central Bank of Nigeria has approved the sale of foreign exchange to eligible Bureau De Change (BDCs) to meet the demand for invisible transactions....
Tier-1 Banks Report 2024: Access Holdings Clinches Top Proshare Ranking
Access Holdings PLC has been named the leading Tier-1 Bank in the 2024 Proshare Bank Strength Index (PBSI) report. his is contained in a statement...
Interior Minister Calls for Synergy Between Agencies on Data Management
The Minister of Interior, Dr. Olubunmi Tunji- Ojo has called for the harmonization of the National Identification Number (NIN) and the Tax Identification Number (TIN)...
No Plans to Revoke More Bank Licences Before April 2026- CBN
….Reassures About Deposits’ Safety, System Resilience The Central Bank of Nigeria has stated categorically that Heritage Bank’s case was an isolated one, adding that allegations...
No Plans to Revoke Polaris, Unity, Keystone Banks’ Licences
Contrary to rife speculations in the media that the licences of three more banks are to be revoked by the Central Bank of Nigeria following...
Digital Trade: NITDA, World Bank Plans Collaboration to Enhance Cross- Border Data Services
In its continuous effort to propel Nigeria into a future where digital technology and economic growth uplift the nation, the National Information Technology Development Agency...
Banks Recapitalisation: What’s in it For Us?
For example, following the Soludo recap, the number of banks operating in the country crashed by about 72% from 89 to 25 banks which clearly...
CBN Clears Valid FX Backlog, Achieves Clean Slate
"It was important that we go through an independent and credible process that would determine the authenticity of those obligations, and, at this point, I...