BANKING
CBN warns banks against FX malpractice, threaten sanctions
CBN warns banks against FX malpractice, threaten sanctions – Nigeria’s apex bank, the Central Bank of Nigeria (CBN), has warned that banks involved in any form […]
CBN
BANKING
Nigeria’s central bank denies converting customers’ domiciliary accounts to naira
Nigeria’s central bank denies converting customers’ domiciliary accounts to naira – The Central Bank of Nigeria (CBN) has said it did not direct banks to convert […]
Tech
Nigeria’s central bank’s clampdown on fintech firms may hinder investments
Nigeria’s central bank’s clampdown on fintech firms may hinder investments – Finance and investment analysts at the weekend flayed the Central Bank of Nigeria (CBN)’s decision […]
BANKING
CBN places limit of N1m per transaction for microfinance banks loan
CBN places limit of N1m per transaction for microfinance banks loan – The Central Bank of Nigeria (CBN) has pegged maximum loan limit for Microfinance Banks […]
ECONOMY
CBN may Sanction Microfinance Banks for illegal Forex Trading
CBN may Sanction Microfinance Banks for illegal Forex Trading – The Central Bank of Nigeria (CBN) has threatened to sanction and revoke the licences of microfinance […]
BANKING
Nigeria’s central bank freezes company accounts over alleged fraud
Nigeria’s central bank freezes company accounts over alleged fraud – The Federal High Court, Abuja has granted the request of the Central Bank of Nigeria to […]
ECONOMY
Naira Loses 0.21% to Trade N411.67/$1 at I&E
Naira Loses 0.21% to Trade N411.67/$1 at I&E – The Naira started the new trading week on a wrong note as it depreciated against the Dollar […]
ECONOMY
Improved Vaccination Will Push up Nigeria’s GDP Growth, CBN Predicts
Improved Vaccination Will Push up Nigeria’s GDP Growth, CBN Predicts – The Central Bank of Nigeria (CBN) has estimated that Nigerian GDP will grow by 3 […]
Cryptocurrency
Nigeria’s Digital Currency ‘E-Naira’ to Be Designated Critical National Infrastructure
Nigeria’s Digital Currency ‘E-Naira’ to Be Designated Critical National Infrastructure – According to a report, the Central Bank of Nigeria (CBN) is planning to have its […]
ECONOMY
Nigerian Naira falls to N510/$ at parallel market
Nigerian Naira falls to N510/$ at parallel market – THE Nigerian local currency yesterday lost N5 to close at N510/$1 at the parallel market over rising […]