Tag: Banks

Warns Foreign Exchange Dealers to desist from defacing/stamping US banknotes The Central Bank Of Nigeria (CBN) has said that it ...

The move was part of CBN’s commitment to the smooth functioning of the foreign exchange markets and enabling greater remittance ...

This call was made during a meeting with bank compliance officers in Oyo State The Executive Chairman of the Economic ...

According to the circular, the cybersecurity charge would take effect two weeks from May 6, 2024. The Central Bank of ...

Senator Izunaso voices concern over bank recapitalization, highlighting risks of private placement and money laundering, urging strict scrutiny of shareholders ...

The new minimum capital base for banks with international authorisation is pegged at N500 billion The Central Bank of Nigeria ...

Foreign exchange revaluation gains occur when a bank’s assets or liabilities denominated in foreign currencies increase in value due to ...

This is as EFCC’s Chairman, Ola Olukayode, disclosed that about 70 per cent of the financial crimes in the country ...

This is part of the apex bank measure to stem naira's depreciation and reduce dollar demand in the country. The ...

Additionally, the document emphasizes that foreclosures should only be pursued as a last resort after exhausting other recovery options The ...