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CBN revokes licences of nine banks – The Eagle Online

The National Association of Micro Finance Banks on Monday said nine out of the 34 micro finance banks in Niger State have lost their operational banking licences. Sado Daniel, the North Central Secretary of the association, said this in Bida while inaugurating a micro-finance bank established by the Federal Polytechnic, Bida. Daniel said: “These micro-finance […]

Experts Foresee Prolong Stability Of Naira, Call For More Diversification Efforts

Some financial experts on Monday foresee a prolong stability of the naira and urged the Federal Government to capitalize on it to invest more on its diversification programmes.They told the News Agency of Nigeria (NAN) in separate interviews in Lagos that the call was necessary due to the continued rise […]

9 microfinance banks fail CBN’s regulation exercise

The Secretary of the Association of Microfinance Banks, Central Bank of Nigeria (CBN) North-central Zone, Tsado Daniel has disclosed that the apex bank’s hammer fell on nine microfinance banks in Niger State. Daniel said the banks fell short during the regulation exercise carried out by the CBN. While making known that there were 34 microfinance banks […]

CBN sets ₦6bn minimum capital requirement for Mortgage Guarantee companies

The Central Bank of Nigeria has set the minimum capital requirement for the operation of Mortgage Guarantee Companies at 6bn (six billion Naira.).

EXCLUSIVE: CBN does NOT have power to sanction us, MTN tells court

MTN Nigeria has told the federal high court sitting in Lagos that the Central Bank of Nigeria (CBN) does not have the power to impose sanctions on it, according to court papers sourced by TheCable. MTN also said it was not accused of any wrongdoing or invited to be a part of an investigation commissioned […]

How CBN has been lagging on its own financial inclusion drive

Recent data suggest that the Central Bank of Nigeria (CBN) has been lagging in its drive to achieve 80% financial inclusion in Nigeria. In order to achieve its objectives, the CBN had introduced several measures including a revision of the Microfinance Banking regulation, the introduction of Agent Banking, Tiered Know Your Customer requirements, and Mobile […]

Workers threatens to embark on strike

Ondo State chairmen of the Nigeria Labour Congress (NLC), Tayo Ogunleye, Trade Union Congress (TUC) Chairman, Soladoye Ekundayo and Joint National Committee (JNC) Chairman, Comrade Abel Oloniyo, have unanimously threatened to embark on industrial action. While bemoaning Ondo State’s Governor Rotimi Akeredolu who walked out of a meeting with the government and the union, the state government […]

CBN pumps $337m, Chinese Yuan into FOREX market

In another round of intervention, the Central Bank of Nigeria (CBN), on Friday, injected over 337 million dollars in the Inter-Bank Foreign Exchange (Forex) market. The CBN also intervened to the tune of 53.44 million Chinese Yuan in the Spot and Short tenored forwards of the inter-bank foreign exchange market. The CBN spokesman, Mr Isaac […]

MTN, CBN court case gets hearing date

A definite date has been set for a court hearing between the Central Bank of Nigeria (CBN) and telco giant, MTN over the illegal repatriation of $8.1 billion. The hearing between the concerned parties is fixed for 30th of October 2018; a lawyer representing MTN disclosed this to journalists. Also, the allegation of unpaid $2 billion back […]

CBN Injects $337m, 53m Chinese Yuan into FOREX market

Home >> Business >> CBN Injects $337m, 53m Chinese Yuan into FOREX market 16 hours ago Central Bank of Nigeria (CBN), on Friday, intervened in the Inter Bank Foreign Exchange (FOREX) market by injecting over 337 million dollars. The CBN also pumped in 53.44 million Chinese Yuan in the Spot and Short tenured forwards of […]

Naira Steadies Against 3 Major Currencies As CBN Injects $337m, CNY53m Into Forex Market

Naira Steadies Against 3 Major Currencies As CBN Injects $337m, CNY53m Into Forex Market The local currency Naira maintained its steady rate against major currencies on Friday, October 19, as the Central Bank of Nigeria (CBN) injected over $337m into the inter-bank foreign exchange market. Beware! Cloned Certificates, ATM Cards Now In Circulation –Police Alert […]

Tech Roundup: FirstBank, Facebook, and Youtube all in the news this week

Welcome once again to Nairametrics’ weekly tech news roundup. This week, as always, we bring you a compilation of the major tech events and activities that made the news. We go behind the scenes, focusing on some of the major talking points and backstories just to keep you updated with the latest developments in the […]

CBN Injects Fresh $337m, Chinese Yuan into FOREX market

CBN Injects Fresh $337m, Chinese Yuan into FOREX market In another round of intervention, the Central Bank of Nigeria (CBN), on Friday, injected over 337 million dollars in the Inter-Bank Foreign Exchange (Forex) market. The CBN also intervened to the tune of 53.44 million Chinese Yuan in the Spot and […]

CBN releases more dollars into Inter Bank Forex Market

CBN releases more dollars into Inter Bank Forex Market. By ThePointNG – … Dollar set for further crash, as CBN vows to stabilise naira. There were …