Banking

Customers storm banks over NIN-BVN linkage

Scores of customers, on Tuesday, March 5, 2024, stormed banks in Ibadan, the Oyo State capital, to link their National…

2 years ago

Investors oversubscribe CBN’s N1trn OMO bills

The Central Bank of Nigeria (CBN) has concluded a sale of government securities, issuing N1.053 trillion in short-term instruments as…

2 years ago

CBN to block accounts without BVN/NIN linkage

Banks have commenced actions on the directive issued by the Central Bank of Nigeria (CBN) to place restrictions on accounts…

2 years ago

‘He’s dancing around elephant in the room’: Bwala calls for CBN gov’s sack

Daniel Bwala, a staunch supporter of former Vice President Atiku Abubakar, has called for the removal of the Governor of…

2 years ago

Investors lose N720bn as Tier-1 banks’ selloffs persist

The value of transactions on the Nigerian Exchange Ltd. (NGX) on Wednesday, February 28, 2024 further declined by 4.80 per…

2 years ago

CBN begins daily sales of $20,000 at N1,301/$ to BDCs

As part of the efforts to stabilise the forex market, the Central Bank of Nigeria (CBN) has commenced the sale…

2 years ago

CBN raises interest rate to 22.75%

The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) by 400 basis points from 18.75 per…

2 years ago

Herbert Wigwe, Access Bank and danger of single story

By ETIM ETIM It was the venerated writer, Chimanda Adichie, who first warned us against the destructive influences of a…

2 years ago

BDC: CBN orders forex sellers above $10,000 to declare sources

The Central Bank of Nigeria (CBN) has directed foreign exchange sellers to Bureau De Change (BDC) of the equivalent of…

2 years ago

CBN to raise minimum capital for bureau de change operators to N2bn

The Central Bank of Nigeria (CBN) has concluded plans to increase the minimum capital requirements for Bureau De Change (BDC)…

2 years ago

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