Friday, October 22, 2021
MARKET UPDATE

TheCable

Advertisement

Tag "Bureaux De Change (BDCs)"

CBN: Those calling for Emefiele’s resignation only pursuing selfish interest

    CBN: Those calling for Emefiele’s resignation only pursuing selfish interest

The Central Bank of Nigeria (CBN) has rejected calls for the resignation of Godwin Emefiele, its governor, over issues relating to the exchange rate of the naira. In July, the

0 comment Read Full Article

‘We can’t sell FX to people who buy arms to hurt us’ — CBN maintains stance on BDC ban

    ‘We can’t sell FX to people who buy arms to hurt us’ — CBN maintains stance on BDC ban

The Central Bank of Nigeria (CBN) has announced that the ban on sales of foreign exchange (forex) to Bureaux De Change (BDC) operators still stands, saying that the practice is

0 comment Read Full Article

Desist from forex malpractices or face suspension, CBN warns banks

The Central Bank of Nigeria (CBN) has warned that banks involved in any form of foreign exchange (FX) malpractice risk their FX operational licence being suspended for at least one

0 comment Read Full Article

CBN directs banks to publish names, BVN of forex policy defaulters

    CBN directs banks to publish names, BVN of forex policy defaulters

The Central Bank of Nigeria has directed all commercial banks in the country to publish the names and bank verification numbers (BVN) of defaulters of forex policy. The apex bank gave

0 comment Read Full Article

Banks to digitise FX sales, threaten to sanction fraudulent customers

  Banks to digitise FX sales, threaten to sanction fraudulent customers

The bankers’ committee, on Thursday, announced plans to begin the sale of foreign exchange to customers through the platform of

0 comment Read Full Article

We won’t tamper with foreign currency in your dom accounts, CBN assures customers

  We won’t tamper with foreign currency in your dom accounts, CBN assures customers

The Central Bank of Nigeria (CBN) says speculations that the apex bank is considering converting foreign exchange (FX) in the domiciliary

0 comment Read Full Article

Manufacturers to banks: Don’t hoard forex… comply with CBN’s directive

  Manufacturers to banks: Don’t hoard forex… comply with CBN’s directive

The Manufacturers Association of Nigeria (MAN) has asked commercial banks to comply strictly with the Central Bank of Nigeria (CBN)

1 comment Read Full Article

Bank CEOs: We’re ready to meet forex demand of customers

  Bank CEOs: We’re ready to meet forex demand of customers

The Body of Bank Chief Executive Officers (CEOs) say the banking industry is ready to sale of foreign exchange to

0 comment Read Full Article

CBN to refund capital deposits, licensing fees to BDC promoters with pending applications

  CBN to refund capital deposits, licensing fees to BDC promoters with pending applications

The Central Bank of Nigeria (CBN) says it will commence the immediate refund of capital deposits and licensing fees (where

1 comment Read Full Article

CBN directs banks to establish teller points for legitimate FX requests

  CBN directs banks to establish teller points for legitimate FX requests

The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to set up teller points to meet legitimate

0 comment Read Full Article