The Association of Bureaux De Change Operators of Nigeria (ABCON), the umbrella body of all Central Bank of Nigeria (CBN)-Licensed Bureaux De Change (BDCs) in Nigeria has appealed to the Apex Bank to adjust and lower its applicable Exchange Rate
The Association of Corporate & Marketing Communication Professionals of Banks (ACAMB) has welcomed the release of the much-anticipated circular of the Central Bank of Nigeria (CBN) on the banking sector recapitalization and believes that while Nigerian banks are globally regarded
The central Bank of Nigeria CBN will this week sell $10,000 each to eligible Bureau De Change Operators at the rate of N1,251/$1. The BDCs are to sell to eligible end users at a spread of not more than 1.5
The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs have now been settled, fulfilling a key pledge of the CBN Governor, Mr. Olayemi Cardoso, to process an inherited backlog of US$7 billion in claims. This
The Development Bank of Nigeria (DBN) has said that its disbursement to Small and Medium Enterprises (SMEs) has hit N700 billion in the last seven (7) years. The Managing Director of DBN, Mr Tony Okpanachi made the disclose this Friday during
By Ekerete Ola Gam-Ikon Stop and reflect for a moment about the people, things and places that inspire and motivate you, and you’ll find a common denominator with them: They all have had the “Insurance Advantage”. The “Insurance Advantage” is
The African Export-Import Bank (Afreximbank) has successfully arranged a syndicated US$3.3 billion crude oil prepayment facility sponsored by the Nigerian National Petroleum Company Limited (NNPCL). An initial disbursement of US$2.25 billion has been made and a second tranche of US$1.05
The Nigeria Sovereign Investment Authority (NSIA) and All On, a Nigerian impact investor focused on renewable energy, have synergised to bring light and opportunity to energy-deprived communities across the country. Both parties say they will achieve this by deploying Distributed
The Central Bank of Nigeria (CBN) say it has recently disbursed approximately $61.64m to foreign airlines through various banks in fulfilment of its commitment to eliminate the backlog of pending matured foreign exchange in Deposit Money Banks (DMBs). This
The Central Bank of Nigeria says the Nigerian banking industry remains resilient as key financial soundness indicators were within the regulatory thresholds. The bank in a statement by the acting Director Corporate Communications Hakama Sidi Ali said the indicators were captured
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