CBN

The Central Bank of Nigeria has announced the increment of the capital base for commercial banks with international authorisation to N500bn and national banks…
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The Central Bank of Nigeria (CBN) has pegged the minimum capital base for commercial banks with international authorisation at N500 billion. In a circular signed by the Director,…
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Says law enforcement investigating $2.4bn unauthorised fx transactions Decision putting undue pressure on banks – Expert BDC rate appreciates to N1,304/US The Central Bank of Nigeria…
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• CBN implements Deloitte FX audit report, EFCC may summon CEOs over $2.4bn invalid requests • Several FX requests fraudulent, made with invalid, illegal…
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The Central Bank of Nigeria has increased the monetary policy rate from 22.75 per cent to 24.75 percent. This was announced at the Monetary Policy Committee (MPC) meeting of the apex…
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The Monetary Policy Committee of the Central Bank of Nigeria has today concluded its two-day meeting for March 2024. This meeting marks the second MPC meeting for the year 2024 and also…
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The Central Bank of Nigeria has disclosed that it will be allocating $10,000 to each Bureau de Change operator at N1,251/$. This was contained in a circular…
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The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has called on the Central Bank of Nigeria (CBN) to address the unmet forex requests by some…
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The Central Bank of Nigeria has issued a circular to Bureau De Change operators informing them of the sale of $10,000 to each BDC at a rate of N1,251/$1. This…
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A former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, has faulted the position of those expecting naira to stabilise at N400 to the dollar,…
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