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Banking

Ban On BDCs: Utomi, Muda Yusuf, Other Experts Weigh In As CBN Pumps $200m To Banks

Naira Slides... Financial experts in the country have been reacting to the Central Bank of Nigeria (CBN) decision, banning the sales of forex to Bureau...
Business

Just In! CBN Clamps Down On BDCs, Bans Forex Sales To Operators

Halts Issuance of License To BDCs Retains Lending Rate The Central Bank of Nigeria (CBN) has banned the...
Banking

CBN And Global Instability, Vulnerability of Cryptocurrencies

When in February, the Central Bank of Nigeria (CBN) directed banks and other financial institutions to cease transactions in cryptocurrencies and facilitating payment for...
Banking

CBN Extends Naira4Dollar Policy Indefinitely

The Central Bank of Nigeria (CBN), has announced the extension of the deadline of the Naira4Dollar policy. According the apex bank, the policy is to...
Business

Expert: How CBN Decision On First Bank ‘ll Boost Investors’ Confidence

A financial expert, Mr Okechukwu Unegbu, has commended the Central Bank of Nigeria (CBN) for taking action to arrest an imminent drift in the...
Banking

CBN Queries First Bank over Management Change Without Approval

The Central Bank of Nigeria (CBN) has queried the Board of the First Bank of Nigeria Plc for removing Dr Adesola Adeduntan, the Managing...
Banking

CBN To Sanction DMBs, BDCs For Rejecting Old U.S Dollars, Smaller Denomination

The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DNBs) and Bureau De Change (BDC) operators to, henceforth, accept old and lower...
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