The Central Bank of Nigeria (CBN) on Friday, May 18, 2018, lifted the Retail Secondary Market Intervention Sales (SMIS) of the Inter-bank Foreign Exchange Market with the sum of $293million as Naira depreciates against dollar at parallel market. A statement from the bank’s Acting Director,...
TheCentral Bank of Nigeria (CBN), in its quest to guarantee availability of forex for customers’ needs in various segments of the market, has injected another sum of $210 million into the inter-bank Foreign Exchange Market. Figures obtained from the bank yesterday indicate that the CBN offered...
the Central Bank of Nigeria (CBN) on Sunday announced a downward review of most charges and fees for banking services as contained in the new guide to charges by banks, other financial, and non-bank financial institutions.
the Central Bank of Nigeria (CBN)announcedthe revocation of licenses for 4,173 exchange bureaus. This action comes in the wake of the central bank’s recent reforms to address foreign exchange shortages and enhance the integrity of financial transactions in the...
This is because within the first nine months of the year, the Central Bank of Nigeria (CBN) had slammed bank with severe sanctions, debiting it 44.6 per cent, 17.1 per cent more than the mandatory 27.5 per cent in Cash Reserve Requirement(CRR) for its failure to meet the 65 per cent ...
The Central Bank of Nigeria (CBN) has issued a new regulatory framework that will enable it take custody of about N3trillion in dormant or inactive accounts in deposit money banks and other financial institutions. The amount will be warehoused in a CBN-managed Trust Fund and the proceeds invest...
InDiaspora
The Central Bank of Nigeria, CBN, has revealed that it has so far recovered 89.2 billion nairas of customer’s money in Nigeria based on verified complaints that were investigated and found to be true as of June 2021. The Apex bank also disclosed that Nigeria’s financial system was not in...
s finance minister Mohammed Al-Jadaan to discuss deepening financial and business cooperation. Chan also exchanged views with the Vice President of Nigeria, Kashim Shettima, on global economic developments. The finance chief also told representatives of two companies specializing in fintech and ...
s finance minister Mohammed Al-Jadaan to discuss deepening financial and business cooperation. Chan also exchanged views with the Vice President of Nigeria, Kashim Shettima, on global economic developments. The finance chief also told representatives of two companies specializing in fintech and ...