Tag
CBN
The Association of Bureau De Change Operators of Nigeria (ABCON) has requested that the Central Bank of Nigeria (CBN) prevent dollar domiciliary account holders from obtaining foreign exchange through the NAFEM and NAFEX markets.
The Chairman of the Bank Directors Association of Nigeria, Mustafa Chike-Obi, has stated that the Central Bank of Nigeria (CBN)’s decision to hike interest rates in the past two Monetary Policy Committee (MPC) meetings will severely harm the real economy, leading to limited economic growth and increased unemployment levels.
The exchange rate for clearance of goods and import duties assessment by the Nigeria Customs Service (NCS) has dropped from N1,246.66/$ to N1,238.17 to the USD.
The Financial Policy & Regulatory Department of the Central Bank of Nigeria (CBN), Haruna B. Mustafa, has provided reasons for the exclusion of retained earnings of banks in the calculating their new capital in the proposed new capital requirements.
The Federal Government has allocated approximately N4.83 trillion from the proceeds of Nigerian Treasury Bills (NTBs) and Bonds issued in 2024 to settle the Ways and Means Advances from the Central Bank of Nigeria (CBN).
Festus Keyamo, the Minister of Aviation and Aerospace Development, has confirmed that the federal government has settled the entire airline sector’s backlog related to the Central Bank of Nigeria (CBN), which amounts to approximately $160 million.
The Central Bank of Nigeria (CBN) has banned the use of foreign currency-denominated collaterals for obtaining naira loans, except under specific conditions.
The Nigeria Customs exchange rate for import duties and cargo clearance has dropped below the official market of N1251/$
The Ikeja High Court has ordered that the former CBN governor, Godwin Emefiele, to be detained in the custody of the Economic Financial Crime Commission (EFCC) for abuse of office charges.
The Central Bank of Nigeria (CBN) has issued a circular to Bureau De Change operators (BDCs), informing them that it has sold $10,000 to each BDC at a rate of N1,101/$1.
Prof. Onakoya has stated that the recent CBN's circular on Harmonisation of Reporting Requirements on Foreign Currency Exposures of Banks has increased activity in the Nigerian Autonomous Foreign Exchange Market (NAFEM).
Professor Adegbemi Onakoya, an internationally certified expert in quality management and business transformation, has said that all existing Nigerian banks are below the new CBN recapitalization threshold and need to raise a collective N4 trillion to comply.