Tag
CBN
The naira has shown some form of stability against the US dollar on the NAFEM window, closing at N1,476.95/$1 on June 4, 2024.
The Central Bank of Nigeria (CBN) has firmly denied allegations suggesting that it plans to revoke the licenses of three more banks following its recent regulatory action against Heritage Bank Plc.
The CBN revoked its license, with a lot of depositors' funds at risk, including one customer reportedly losing about N11 billion.
The Central Bank of Nigeria (CBN) was criticized for running multiple exchange rate regimes, but the reasons are more obvious and straightforward than the discourse suggests.
The Nigerian official foreign exchange (FX) market witnessed a significant downturn in turnover, crashing by 42.92% on Monday, June 3, 2024.
The Central Bank of Nigeria (CBN) has lifted its ban on OPay, Moniepoint, Kuda, Palmpay, and Paga, clearing the way for the fintechs to resume onboarding new customers.
Wale Edun has said that federal government is providing up to N1 billion in credit facility to large enterprises, including manufacturers, at 9% interest rate.
The Central Bank of Nigeria (CBN) has revoked the licence of Heritage Bank Plc with immediate effect.
The ReportGov.Ng, has listed the Nigeria Customs Service (NCS), the Nigeria Electricity Management Service Agency (NEMSA), and the Federal Airports Authority of Nigeria (FAAN) as the worst-performing government agencies in terms of customer complaints resolution for May 2024.
The exchange rate for the Nigeria Customs duties collection has risen by 23.9% from N1,196.6 per USD to N1,482.9/$. This marks an increase of N286.3 in just 2days from May 30th 2024 when it dropped to the N1,196.6/$ rate.
The Central Bank of Nigeria (CBN) plans to re-issue maturing Nigerian Treasury Bills (NTBs) worth N1.56 trillion in the third quarter of 2024.
The Central Bank of Nigeria (CBN) has announced that International Oil Companies (IOCs) can sell 50% balance of their repatriated export proceeds to authorized forex dealers.