New CBN guidelines: BDC operators say buying forex from authorized dealers is not automatic
Forex traders under the aegis of the Association of Bureau De Change Operators of Nigeria (ABCON) say the permission of...
Port Harcourt refinery resumes full operations after temporary scale down
The Port Harcourt refinery has announced the resumption of full operations after temporarily scaling down.
CBN launches new website, to go live on December 2, 2024
The Central Bank of Nigeria (CBN) has announced the launch of its newly redesigned website, www.cbn.gov.ng, which is scheduled to...
New CBN guidelines allow BDC to buy forex directly from Authorized Dealers
The Central Bank of Nigeria (CBN) has revised its guidelines, permitting licensed Bureaux de Change (BDCs) to purchase foreign exchange...
CBN overhauls FX Market Rules, issues new guidelines with wide ranging implications
The Central Bank of Nigeria (CBN) has released revised guidelines for the Nigeria Foreign Exchange Market (NFEM), signaling a major...
CBN Governor signals possible interest rate cut soon
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has hinted that the current high interest rate would...
CBN to prioritize Open Banking, Contactless Payments, and Regulatory Sandbox in 2025
The Central Bank of Nigeria (CBN) has outlined key initiatives for 2025 aimed at advancing the country's financial services sector.
NAICOM grants operational licence to NPF Insurance Company
The National Insurance Commission (NAICOM), has issued an operational licence to Nigeria Police Force (NPF) Insurance Company Limited to commence...
CBN raises interest rates for deposits it gets from commercial banks to 26.5% from 19%
The CBN has announced a significant adjustment to the remuneration structure for deposits placed with it by commercial banks, raising...
Waste managers to Lagos govt, reduce remittances from 25% to 10%
Waste managers under the aegis of the Association of Waste Managers of Nigeria (AWAMN) have pleaded with the Lagos Waste...
