Keyamo backs CBN, says airline industry’s FX backlog cleared
Festus Keyamo, the Minister of Aviation and Aerospace Development, has confirmed that the federal government has settled the entire airline ...
Tag: CBN
CBN bans use of foreign currency-denominated collaterals for naira loans
The Central Bank of Nigeria (CBN) has banned the use of foreign currency-denominated collaterals for obtaining naira loans, except under ...
Customs exchange rate for import duties falls below official market rate
The Nigeria Customs exchange rate for import duties and cargo clearance has dropped below the official market of N1251/$
Lagos court remands Emefiele in EFCC’s custody till April 11
The Ikeja High Court has ordered that the former CBN governor, Godwin Emefiele, to be detained in the custody of ...
CBN sells dollars to BDCs below market rate at N1,101/$1
The Central Bank of Nigeria (CBN) has issued a circular to Bureau De Change operators (BDCs), informing them that it ...
CBN’s policy on harmonization of reporting spurred increased activity in NAFEM – Prof. Adegbemi Onakayo
Prof. Onakoya has stated that the recent CBN's circular on Harmonisation of Reporting Requirements on Foreign Currency Exposures of Banks ...
Existing banks collectively need to raise about N4 trillion to meet CBN’s new capital requirements – Prof. Adegbemi Onakayo
Professor Adegbemi Onakoya, an internationally certified expert in quality management and business transformation, has said that all existing Nigerian banks ...
85% of transactions in Nigeria’s informal sector still in cash—Abiodun Adedipe
The founder and Chief Consultant at B. Adedipe Associates Ltd. Dr. Abiodun Adedipe has said that 80 to 85% of ...
Naira posts 4th weekly gains but faces high resistance at key support level
Naira appreciated for the 4th consecutive week to settle at N1,245 per against the dollar amid amplified confidence in the ...
Nigerian banks cannot compete with their African peers on the basis of foreign currency- Bunmi Bajomo
The Head of Corporate Banking Group and Chief Operating Officer at Ecobank Transnational (ETI), Dr. Bunmi Bajomo has stated that ...
