CBN
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Business
CBN to Launch FX Code, Emphasising Ethical Conduct in Nigeria’s Foreign Exchange Market
The Central Bank of Nigeria (CBN) announced the imminent launch of the Nigerian Foreign Exchange (FX) Code. This landmark development,…
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News
CBN Fines Nine Banks N1.35bn for Failing to Ensure ATM Cash Availability During Festive Season
The Central Bank of Nigeria (CBN) has imposed fines totaling N1.35 billion on nine Deposit Money Banks (DMBs) for failing to ensure cash availability…
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Business
CBN Imposes N100,000 per Customer Daily Withdrawal LiS Terminals
SHARE The Central Bank of Nigeria (CBN) has imposed a daily withdrawal limit of N100,000 per customer on Point-of-Sale (PoS) terminals as part of its efforts…
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Business
CBN Introduces Non-Resident Nigerian Accounts for Diaspora Investments
The Central Bank of Nigeria (CBN) has launched two new account options—the Non-Resident Nigerian Ordinary Account (NRNOA) and the Non-Resident Nigerian Investment Account (NRNIA)—to provide…
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Business
CBN Halts Extension Requests for Export Proceeds Repatriation
The Central Bank of Nigeria (CBN) has announced that it will no longer approve requests from authorized foreign exchange (FX) dealers…
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Business
CBN Governor: 1,000 Ex-Staff Voluntarily Exited with Full Benefits
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has clarified that the 1,000 former employees who left the apex bank…
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Business
CBN disburses $61m to foreign airlines to settle foreign exchange backlog
The Central Bank of Nigeria, CBN, says it has disbursed 61.64 million dollars to foreign airlines through various Deposit Money…
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Business
Union Bank Grows Profit Before Tax By 20% To N80b In H1 2024
Union Bank of Nigeria has reported a Profit Before Tax (PBT) of N79.8 billion and gross earnings of N333 billion…
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Business
How Commercial Banks Borrowed N3 Trillion From CBN In One Week – Afrinvest Research
By Edu Abade Deposit Money Banks (DMBs) and discount houses in Nigeria have borrowed N3 trillion from the Central Bank…
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Business
CBN Approves Forex Sale to BDCs at ₦1,590 per Dollar
The Central Bank of Nigeria (CBN) has approved the sale of foreign exchange (FX) to eligible Bureau De Change (BDC)operators…
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