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Forex: Banks, BDCs, Others Must Play By The Rule- Cardoso

The Central Bank of Nigeria has said that banks and all financial institutions including Bureau De Change operators under its regulation must play by...

CBN Decide On Interest Rate Tuesday, Experts Warn Against Further Hike

The Senior Partner and Chief Economist at SPM Professional, Paul Alaje and Nigeria’s first professor of Capital Market Studies, Uche Uwaleke have warned that...

JUST IN: CBN Directs Banks To Transfer Over N200bn Dormant Account Balances, Unclaimed Dividends In FG TBs, Bond

The Central Bank of Nigeria has ordered banks and financial institutions to transfer unclaimed dividends and dormant account balances into an account controlled by...

Forex Scarcity Deepens As CBN Resumes Dollar Sales To BDCs

… As Naira Falls To N1,640/USDThe Central Bank of Nigeria has resumed foreign exchange sales to Bureau de Change operators as FX scarcity deepens. THEWHISTLER...

Cardoso Wants Regulations Tightened To Strengthen Resilience Of Fintech, Non-Banking Financial Institutions

Nigeria’s Central Bank Governor, Olayemi Cardoso is calling on financial regulators in West Africa to tighten regulations of fintech and Non-Bank Financial Institutions (NBFIs)...

Recapitalization Will Create Stronger, More Resilient Banks – Cardoso

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said that the Bank will continue to collaborate with relevant financial...

Bank Of Industry Pledges More Funding For Entrepreneurs In Nigeria

The Managing Director of Bank of Industry (BOI) Olasupo Olusi on Thursday assured Micro Small and Medium Enterprises (MSMEs) that the bank would raise...

Ten Months After Introduction, CBN Stops Forex Price Verification System For Importers

The Central Bank of Nigeria (CBN) has stopped the foreign exchange (FX) Price Verification System (PVS) portal used by importers ten months after introduction.The...

New Minimum Wage May Worsen Inflation- CBN Deputy Governor Warns

The Deputy Governor, Financial System Stability, Central Bank of Nigeria (CBN), Philip Ikeazor has said that the new minimum wage negotiation may frustrate the...

Nigeria’s Push To Attract Investments May Be Frustrated By CBN’s Cash Repatriation Restriction- Analyst

Regulatory authorities in the Nigerian oil and gas sector have up their games in scouting for new investors in the country’s oil-rich economy but...

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