The Central Bank of Nigeria (CBN) has significantly reduced the exchange rate for customs import duties collection, marking …
CBN
- Business News
Bankers Disagree with CBN’s Recapitalization Terms, Exclusion of Retained Earnings Criticized
by Harry ChomsThe banking sector is abuzz with dissent following the Central Bank’s recent announcement of revised capital requirements, which …
According to reports, some Nigerians who benefited from the Central Bank of Nigeria (CBN) and NIRSAL Microfinance Bank’s …
- Business News
CBN increases capital base for mega banks to N500 billion, smaller banks N200 billion
by Harry ChomsThe Central Bank of Nigeria (CBN) has implemented a significant reform, increasing the minimum capital base for commercial …
According to the auction result report, the Central Bank of Nigeria (CBN) recently concluded a successful auction of …
- Business News
Federal Government Orders Banks to Deduct 0.375% Stamp Duty Charges on Loans
by Harry ChomsIn a recent directive, the Federal Government of Nigeria has instructed commercial banks to deduct and remit 0.375% …
The Monetary Policy Committee (MPC) of the CBN has announced a significant increase in the benchmark interest rate …
The Central Bank of Nigeria has disclosed that it will be allocating $10,000 to each Bureau de Change …
Forex, the Central Bank of Nigeria (CBN) has issued a circular to Bureau De Change (BDC) operators, notifying …
A recent report from the Central Bank of Nigeria (CBN) disclosed that out of the total intervention loans …