CBN - Central Bank Of Nigeria
BDC operators plan mergers to meet CBN’s N2bn recapitalisation before deadline
Bureau De Change (BDC) operators are struggling to meet the N2 billion recapitalisation requirement set by the Central Bank of Nigeria, but there is a solution.
BDC operators finally react as CBN waives 2025 licence fee for operators
The CBN has received plaudits from the Association of Bureau De Change Operators of Nigeria for exempting the operators from paying the 2025 license costs.
CBN identifies high bank charges, others as challenges to business growth in Nigeria
A new CBN report shows that high bank charges posed a major challenge to businesses in 2024. Rising inflation has further compounded this issue...
Nigerian banks see surge in loan defaults amid economic hardship
As the economic woes in Nigeria have been on the increase, so have the loan default rates. The lates CBN survey report shows a surge in loan default rates.
FCMB, four other banks looking to raise N1tn capital before 2026 to stay in business
Ahead of the CBN recapitalisation deadline, five commercial banks in Nigeria are looking to raise up to N1 trillion in capital. here is how they plan to raise it.
Naira on gain streak, hits new high against USD amid CBN warning to banks over FX Code violations
The naira has continued its gains against the US dollar in the official and black market windows, gaining N10 and N11 naira respectively amid CBN's new FX Code.
Customs announces 30 days free clearance as CBN adjusts rate to clear goods after dollar crashes
Assistant Comptroller of Customs Abdullahi Maiwada, the agency announced regulations governing the length of stay for import and export shipments at port terminals.
New exchange rate: British pound, dollar, euro crash in black market
The naira's value has improved significantly against the US dollar, British pound, and euro in the parallel foreign exchange market, also known as the black market.
CBN governor opens up on multiple illegal practices discovered during FX backlog verification
Central Bank Governor Olayemi Cardoso has said that the year-long fx verification uncovered high level of unethical practices, and warned Banks about consequences
CBN - Central Bank Of Nigeria
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