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Tag "central bank of nigeria"

Report: Stallion, Promasidor listed as CBN expands investigation on forex infractions

    Report: Stallion, Promasidor listed as CBN expands investigation on forex infractions

The Central Bank of Nigeria (CBN) has extended its investigation on alleged forex infractions to 100 companies, THISDAY is reporting. This is in addition to the 38 gaming and bureau

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CBN requests domiciliary account statements of ‘Baba Ijebu’, Nairabet founders

    CBN requests domiciliary account statements of ‘Baba Ijebu’, Nairabet founders

The Central Bank of Nigeria (CBN) has requested that all banks in the country submit the statements of domiciliary accounts of some high profile individuals. The apex bank issued the

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N500m limit, 100% imported solar systems prohibited… Terms of CBN’s solar intervention fund

    N500m limit, 100% imported solar systems prohibited… Terms of CBN’s solar intervention fund

The Central Bank of Nigeria (CBN) has launched a solar intervention fund as part of efforts to provide affordable electricity to rural dwellers around the country. In a document released

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UBA, First Bank CEOs quit NESG board over criticism of CBN policies

    UBA, First Bank CEOs quit NESG board over criticism of CBN policies

The chief executive officers of three banks have resigned from the board of the Nigerian Economic Summit Group. The CEOs, Kennedy Uzoka of the United Bank for Africa (UBA); Abubakar

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CBN freezes accounts of ‘Baba Ijebu’, 37 other companies over ‘forex infractions’

  CBN freezes accounts of ‘Baba Ijebu’, 37 other companies over ‘forex infractions’

The Central Bank of Nigeria (CBN) has instructed banks to place a post-no-debit on the bank accounts of 38 companies.

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‘N2 profit margin not enough to sustain operations’ — BDCs ask CBN to review FX rate

  ‘N2 profit margin not enough to sustain operations’ — BDCs ask CBN to review FX rate

The Association of Bureau de Change Operators of Nigeria (ABCON) says the N2 profit margin that comes with exchanging the

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CBN reduces interest rates on savings deposit from 3.9% to 1.25%

  CBN reduces interest rates on savings deposit from 3.9% to 1.25%

The minimum interest payable on savings deposited in banks across the country will be at least 10 percent per annum

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Naira to trade at 386/$ as CBN resumes FX sale to BDCs

  Naira to trade at 386/$ as CBN resumes FX sale to BDCs

The Central Bank of Nigeria (CBN) says it will resume weekly forex sales to Bureau de Change operators from August

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CBN asks banks to submit names of exporters who don’t repatriate export proceeds

  CBN asks banks to submit names of exporters who don’t repatriate export proceeds

The Central Bank of Nigeria (CBN) has directed banks to provide the submit the names, addresses and bank verification numbers

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GSI: Banks recovered N50.3m bad loans in nine days, says CBN

  GSI: Banks recovered N50.3m bad loans in nine days, says CBN

Kevin Amugo, director of financial policy and regulation at the Central Bank of Nigeria (CBN) said banks recovered N50.32 million

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