Tag
CBN
The Nigerian Naira appreciated significantly against the US dollar throughout March 2024, marking a major turnaround for Nigeria's exchange rate policy.
Banks are expected to approach stock market for additional fund with the introduction of new minimum capital requirements, according to Senator Osita Izunaso, the Senate Committee Chairman on Capital Market and Institutions.
The President of the Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Mr. Dele Oye has stated that the duties collection by the Nigeria Customs Service (NCS) should be charged in Naira rather than in another foreign currency.
Some financial experts have expressed excitement that the Central Bank of Nigeria (CBN) capital base increment for commercial banks will inject a renewed sense of vigor into the activities of market participants.
The Central Bank of Nigeria (CBN) has slashed the exchange rate for customs import duties collection to the lowest in eight weeks.
It started with a lie of omission. When the House of Reps committee on banking were finally able to get former CBN Governor Godwin Emefiele to attend a hearing on his naira redesign policy in February last year, he began with an impassioned speech.
The Central Bank of Nigeria (CBN), alongside law enforcement agencies, will closely monitor the Nigerian banking sector's recapitalization efforts to prevent the influx of illicit financing into the sector.
Bankers are voicing opposition to the Central Bank’s decision to omit retained earnings from the minimum share capital calculation in its recent recapitalization guidelines.
The CBN also stated that all banks are required to meet the minimum capital requirement within 24 months commencing from April 1, 2024, and terminating on March 31, 2026
A considerable number of Nigerians have struggled to repay loans issued under the Central Bank of Nigeria (CBN) and NIRSAL Microfinance Bank's targeted credit facility (TCF).
The government is expanding the net on transactions covered by the stamp duty charges from regular bank transfers to foreign transactions and now loans.
The Central Bank of Nigeria (CBN) successfully conducted an auction of Nigerian Treasury Bills (NTBs) on March 27, 2024, which saw a substantial amount of N1.64 trillion being sold, as shown in the auction result report.