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The Central Bank of Nigeria (CBN) has unveiled new minimum capital requirements for banks, pegging the minimum capital base for commercial banks with international authorisation at...
As the deadline approaches, there has been a notable increase in customer traffic within banking halls as individuals endeavor to link their BVNs and NINs to...
After nearly three years of suspension from the official forex window, the Central Bank of Nigeria (CBN) yesterday resumed daily $20,000 forex sale to Bureaux de...
“Retail sale of foreign currencies to non-individuals, except for BTA, international outward transfers, engaging in off-shore business or maintaining foreign correspondent relationship with any foreign establishment...
Apex bank deploys monitors in DMBs to enforce compliance with extant rules. The Central Bank of Nigeria (CBN) hit the nail on the head yesterday.
The Central Bank of Nigeria (CBN) has announced the complete settlement of foreign exchange (FX) owed to all foreign airlines operating in the country.
With yesterday’s injection of $500 million into the Foreign Exchange (forex) market, the Central Bank of Nigeria (CBN) has reduced the $10 billion backlog of verified...
Vice President, Sen. Kashim Shettima has lampooned those opposing the Bola Tinubu administration’s decision to relocate some departments and units of the Central Bank of Nigeria,...
The exchange rate for a dollar to naira on the physical black market on Monday was N1, 280/US$ as against N1,260 against the greenback last week....
The Central Bank of Nigeria (CBN) has raised the alarm over the circulation of fake Naira notes dominating the country’s markets. The apex bank stated this...