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BusinessNews

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...

BusinessNews

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...

BusinessNews

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...

BusinessNews

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)...

BusinessNews

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...

BusinessNewsUncategorized

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...

BusinessNews

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...

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