The Central Bank of Nigeria (CBN) has barred microfinance banks from foreign exchange transactions. The CBN in a circular to […]
Category: Banking & Finance
Why Naira is losing value: CBN
The depreciation in the value of the Naira has been attributed to the effects of the COVID-19 pandemic on the […]
Bybit Brings Annual Trading Competition World Series of Trading (WSOT) 2021 to the Next Level With Record $7.5M Prize Pool
· 4.9x bigger prize pool than last year at up to 7.5m USDT & NFT addition· Largest WSOT donation to UNICEF at […]
CBN to refund capital deposit, licensing fees to BDCs
The Central Bank of Nigeria has said it will commence the refund of the N35 million minimum capital deposits to […]
Naira sees biggest plunge ever after CBN forex ban
Naira fell significantly against the U.S. dollar at the parallel market on Wednesday noon, a day after the Central Bank […]
CBN to print Gambian Currency
The Central Bank of Nigeria, CBN, says it is ready to mint the Gambian Dalasi at the Nigerian Security Printing […]
NEXIM Bank To Address Dearth Of Bankable Projects
Managing Director, Nigerian Export-Import Bank (NEXIM), Mr. Abubakar Abba Bello, has said that the bank is set to address the […]
CBN to Increase Banks’ Forex Allocation
The Central Bank of Nigeria (CBN) has concluded plans to increase foreign exchange allocated to banks to meet customers’ requests. […]
CBN to states: Be Good Debtors, Repay Your Debts
The Central Bank of Nigeria (CBN) has told state governments to act as good debtors by paying the debts that […]
Nigeria Received Over 40% Remittance To Sub-saharan Africa In 2020: World Bank
World Bank report says officially recorded remittance flows to low- and middle-income countries reached $540 billion in 2020, 1.6 per […]