Tag: BDCs, CBN
CBN wields big stick, revokes operational licenses of 4,173 BDCs
Barely few hours after slamming a $10 billion fine on Binance operators,the country’s apex bank ,the Central Bank of Nigeria (CBN) has revoked the...
CBN Begins Direct Sales Of Dollars To BDCs
The Central Bank of Nigeria,CBN, has announced its decision to sell foreign exchange worth $20,000 to each eligible Bureau De Change operator across the country....
Nigeria:Tinubus burden and choices
According to a sage,”the problems of victory are much more than defeat”. It is because the defeated had a chance to go back to the drawing board and...
CBN compels sellers of Forex above $10,000 to declare sources of money.
The Central Bank of Nigeria,CBN,has mandated foreign exchange sellers to Bureau De Change of the equivalent of $10,000 and above to declare their forex sources....
CBN asks Customs To Use Official FX Rate For Import Duty
The Central Bank of Nigeria, CBN, has instructed the Nigerian Customs Service (NCS) to utilise the forex closing rate on the date of the form M submission by...
Forex Crisis:FG wields big stick bans Binance,OctaFX, Coinbase,others
See Full List The Federal Government has moved against online platforms of Binance and other cryptocurrency firms over alleged manipulation of the forex market....
Nigerian Banks as Cesspit of Corruption – Banire
By Dr Muiz Banire A Yoruba adage says isale oro legbin which rendition in English is best captured by a philosophical statement credited to Mario Puzo that “behind...
CBN:Senate confirms Cardoso, Yuguda, 10 others as MPC members
The Senate has confirmed the appointment of 12 persons as members of the Monetary Policy Committee of the Central Bank of Nigeria (CBN). This confirmation...
Bandits kills nine,abducts 35 others including ex CBN Director
Bandits have reportedly killed no fewer than nine persons in Kwasam community, Kauru LGA and Gwada community in Igabi LGA of Kaduna State. The bandits also...
Olayemi Cardoso’s Dilemma
By Tunde Rahman Those who know Mr. Olayemi Cardoso will agree he got his current job as the Governor of Central Bank of Nigeria on a platter of solid professional...
