CBN Licence Revocation: CAC Asks 4,173 BDCs to Change Name or Face Dissolution
The Corporate Affairs Commission (CAC) has directed 4,173 Bureau De Change (BDC) companies, whose licences were recently revoked by the ...
Sunday, January 19, 2025
Tag: CBN
CBN Cracks Down on Banks Rejecting Old Currency
The Central Bank of Nigeria has issued a warning to its regulated firms in Nigeria on their continued rejection of ...
CBN halts FX price verification portal for importers July 1
As of July 1, importers will no longer be able to access the foreign exchange pricing verification system webpage, according ...
CBN Reforms Increase Diaspora Remittances by $172m in One Month
In just one month, direct remittances increased by $172 million, according to the Central Bank of Nigeria. Remittances totaled $138.56 ...
Naira Trades at 1,485 per Dollar as Official Forex Market Hits $23 Billion
Following a flurry of reforms by the Central Bank of Nigeria, forex turnover at the official foreign currency market soared ...
World Bank Approves $2.25 Billion Loan For Nigeria
The World Bank has approved two financing facilities of $2.25 billion for Nigeria to support the Federal Government’s efforts to ...
Investment Firms Forecast Inflation to Surpass 34%
The ongoing surge in prices of goods and services, coupled with the naira's further depreciation, is projected to push inflation ...
Banks’ borrowing from CBN fall 10.6% to N10.9trn
Bank borrowing from the Central Bank of Nigeria (CBN) decreased by 10.6 percent month on month (MoM) in May to ...
CBN assures depositors of fund safety
The Central Bank of Nigeria has again reassured the banking public of the safety of their deposits and the banking ...
Breaking: CBN Revokes Heritage Bank’s Licence Due to Poor Financial Performance
The Central Bank of Nigeria (CBN) has revoked Heritage Bank Plc's licence, effective immediately, due to poor financial performance. Regulatory ...
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