Banking
Recapitalisation: BDC operators reject new CBN guidelines
The Association of Bureau De Change Operators of Nigeria has rejected the new recapitalisation guidelines issued by the Central Bank...
Naira trades N1,339.33/$ at official market
The Naira on Tuesday traded at same rate of N1,339.33 to a dollar at the official market. Data from the...
FG using PoS registration to tax Nigerians – AMMBAN
The Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) has accused the federal government of using the recently...
Naira appreciates to N1,339.33/$1 on official market
The value of the naira appreciated against the dollar significantly on Monday, closing the day at N1,339.33/$1 on the Nigerian...
ABCON: N2 billion capital requirement for BDCs against best practices
The recent increase in capital requirements for Bureaux de Change (BDC) from N35 million to N2 billion for Tier-1 BDCs...
CBN: BDCs to reapply for licenses in new categories
The Central Bank of Nigeria has mandated all existing Bureau De Change Operators (BDC) to re-apply for new licenses in...
Jaiz Bank posts N11.2 billion profit
Jaiz Bank Plc has released its 2023 full-year financial results and unaudited financial statements for the period ended March 31,...
CBN attributes volatility in FX market to seasonal demand
The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has attributed the volatility in the foreign exchange...
Naira gains by 0.2% on official market, trades N1,465.68/$
The Naira on Tuesday appreciated by 0.2 percent on the official market. Data from the FMDQ shows that the exchange...
CBN increases lending rate to 26.25%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has raised the country’s baseline lending rate by...