The Central Bank of Nigeria (CBN) has approved the sale of $20,000 to each eligible Bureau De Change (BDC) operator at a rate of N1,590 per dollar.
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BusinessEconomyNews
Central Bank of Nigeria Clarifies Monetary Policy Guidelines for Fiscal Years 2024-2025
By Newsshelve Correspondent. The Central Bank of Nigeria (CBN) has issued a clarification on its Monetary, Credit, Foreign Trade, and Exchange Poli
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The Central Bank of Nigeria (CBN) has reaffirmed its commitment to providing liquidity in the foreign exchange market by reintroducing the Retail Dutc
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By Barnabas Esiet. The Central Bank of Nigeria (CBN) has announced its approval of a significant financial accommodation to support the proposed me
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By Barnabas Esiet. The Central Bank of Nigeria (CBN) has initiated regular foreign exchange sales through authorized dealer banks and licensed Bure
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BusinessEconomyNews
Capital Raise: GTCO Offers 9 Billion Shares at ₦44.50 Each, Envisions One Billion Dollar Profit
By Barnabas Esiet. Guaranty Trust Holding Company (GTCO), one of Nigeria's largest lenders, is raising ₦400 billion in capital through a public off
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BusinessEconomyNews
2024 Int’l Bankers Awards: Zenith Bank Recognised Again as “Most Sustainable Bank, Nigeria”
Zenith Bank has once again emerged as the "Most Sustainable Bank, Nigeria" in the 2024 International Banker Banking Awards, marking the second consecu
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BusinessEconomyNews
CBN Scrutinises BDCs Operators, Disallows Commercial Banks, Public Officers and Others from Ownership
The Central Bank of Nigeria (CBN) is cracking down on Bureau De Change operators, making it clear that commercial banks, public officers, and various
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BusinessEconomyNews
Nigeria’s Central Bank Grants Licenses to 14 New IMTOs to Boost Diaspora Remittances
By Barnabas Esiet. The Central Bank of Nigeria (CBN) announced this week that it has granted Approval-in-Principle (AIP) to 14 new International Mo
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BusinessEconomyNews
Alternative Finance: VFD Group Envisions SplitXchange for Nigeria’s Creative Industry
FD Group Plc, a prominent investment firm in Nigeria, has emphasized the importance of increased financing for the entertainment and media industry to
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