CBN Revokes Operational Licenses Of 4,173 BDCs

CBN Revokes Operational Licenses Of 4,173 BDCs

The Central Bank of Nigeria (CBN), in exercise of the powers conferred on it under the Bankand Other Financial Institutions Act (BOFIA) 2020, Act No. 5, and the Revised OperationalGuidelines for Bureaux De Change 2015, has revoked the licenses of...
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BMW Triples Pre-Tax Earnings, Vehicle Sales With $17.67b

BMW Triples Pre-Tax Earnings, Vehicle Sales With $17.67b

Foremost auto firm, BMW, more than doubled pre-pandemic earnings in 2021 to 16 billion euros ($17.67 billion), the company said on Thursday, as higher prices and strong sales of top-end cars boosted revenue despite supply chain constraints. The premium carmake...
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