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CBN
ABCON has assured that the Nigerian economy will begin to see and capture the diaspora remittances when the Central Bank of Nigeria (CBN) starts full implementation of the integration of BDCs into the Investors and Exporters (I&E) window.
For June, the difference between the lending rate and savings deposit rate stood at 23.76%, this figure dropped to 22.14% in July, marking a 1.62% drop.
Bureau De Change Operators in Nigeria have agreed with the acting CBN Governor that most transfers conducted by the International Money Transfer Operators (IMTOs) have been diverted and are not being tracked.
The board of Stanbic IBTC Holdings Plc has announced a delay in the release of its Half-Year financial results as it seeks the approval of the Central Bank of Nigeria.
Money Supply statistics from the Central Bank of Nigeria (CBN) as of June 2023 showed that currency in circulation increased month-on-month by 3.03% in June to N2.6trn from N2.53trn as of May 2023.
CIBN praised the efforts by President Tinubu towards stabilizing Nigeria’s fx rate adding as the effort of CBN is already yielding dividends.
The Governor of Kwara State, Abdulrahman Abdulrazaq, has said that the N5 billion palliative approved by the Federal Government to each of the 36 states and the Federal Capital Territory (FCT) was for the purchase of rice and maize for distribution to the poor and vulnerable.
CBN brings back BDC, introduces new Operational Mechanism for Bureau De Change Operations in Nigeria
In a bid to enhance the efficiency of the Nigerian Foreign Exchange Market, the Central Bank of Nigeria (CBN) has unveiled a series of operational changes for the Bureau De Change (BDC) segment.
Human rights activist and Senior Advocate of Nigeria (SAN), Femi Falana, has taken a legal action against the Central Bank of Nigeria (CBN) at the Federal High Court over its decision to float the naira, describing it as illegal.
The Federal Government has allocated N5 billion to each state including the FCT, as palliatives to cushion the effects of the removal of petrol subsidy.
Nigerian banks through the Committee of Chief Information Security Officers of Nigerian Financial Institutions (CCISONFI) have unveiled a campaign targeted at curbing the rising financial scams and cyber frauds in the country.
Justice Nicholas Oweibo of the Federal High Court Ikoyi, Lagos has allowed the Federal Government to withdraw the charge of “illegal possession of firearm and possession” against the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.