Weekly update
Weekly Newsletter
Excepteur sint occaecat cupidatat non proident
Bureau De Change
CBN denies claims of BDC recapitalisation deadline extension
By Chioma Obinagwam Nigeria’s apex bank, the Central Bank of Nigeria (CBN), has refuted claims circulating in the media that it extended the...
Bread sold in markets failed laboratory test – NAFDAC
By Chioma Obinagwam NAFDAC, has revealed that bread sold in the markets is failing laboratory tests because producers are using saccharine due to...
Why CBN revoked operational licenses of 4,173 BDCs in Africa’s largest economy
By Chioma Obinagwam The apex monetary authority of Africa’s largest economy— Nigeria, the Central Bank of Nigeria (CBN), has revoked the licenses...
CBN stops sale of Forex to Bureau De Change operators
Nigeria’s apex bank, the Central Bank of Nigeria (CBN) says it has stopped sale of foreign exchange (FX) to Bureau De Change (BDCs)...
CBN to begin dollars sale to BDCs on resumption of international flights
Central Bank of Nigeria (CBN) has said it would restart the auctioning of foreign exchange to bureau de change (BDC) operators once international...
CBN increases foreign exchange market by $210m
By Chioma Obinagwam The Central Bank of Nigeria (CBN), Nigeria’s apex bank, has said it injected $210 million into the inter-bank Foreign Exchange...
Forex market gets CBN’s $210m boost
CBN Governor, Godwin Emefiele By Chioma Obinagwam The CBN (Nigeria’s apex bank) in its efforts to meet the Foreign Exchange (FOREX) needs of...
Don't Miss
Preventing financial crimes amid mounting insecurity: Why following the money is now a survival imperative
By Blaise UdunzeNigeria today faces a sobering dual reality: a deepening security crisis and an entrenched financial-crime ecosystem that quietly feeds, sustains, and...
Nigeria’s Oil, Gas Free Zones attract $24bn in investments as operators plead for 10-year tax holiday
By Chioma Obinagwam Nigeria’s oil and gas free zones have pulled in a staggering $24 billion in investments, creating hundreds of thousands of...