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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Stakeholders Advocate Inclusion Of SME In Nigeria’s Sustainability Reporting Push

Stakeholders Advocate Inclusion Of SME In Nigeria’s Sustainability Reporting Push

Lagos- Impact investors have emphasized the importance of engaging a broader audience, particularly SMEs, to ensure the successful and impactful implementation of the International Sustainability Standards Board (ISSB) standards in Nigeria. The stakeholders s...
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CBN Unveils Guidelines For Regulating Virtual Assets In Nigeria 

CBN Unveils Guidelines For Regulating Virtual Assets In Nigeria 

The Central Bank of Nigeria (CBN) has unveiled guidelines for virtual assets as part of measures to allow virtual assets service providers (VASPs) which include cryptocurrencies and crypto assets organizations to open accounts with Nigerian banks.  The de...
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Tinubu Rings Closing Bell At NASDAQ, Says Nigeria Open For Investment 

Tinubu Rings Closing Bell At NASDAQ, Says Nigeria Open For Investment 

President Bola Ahmed Tinubu has called on foreign investors to bring their capital into the country as his government is working on easing the free flow of capital.   Tinubu stated this just before he rang the Closing Bell of...
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Naira Drops Further, Exchanges At N769.25 To Dollar

Naira Drops Further, Exchanges At N769.25 To Dollar

Again, the Naira on Friday dropped against the dollar, exchanging at N769.25 at the investors and exporters window. The Naira depreciated by 0.82 per cent compared with N763, which it exchanged for the dollar before the Eid-el-Kabir holiday that began...
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NGX RegCo, ISSB, FRC Harp On Sustainability Disclosures Reporting

NGX RegCo, ISSB, FRC Harp On Sustainability Disclosures Reporting

NGX Regulation Limited, the International Sustainability Standards Board (ISSB), as well as the Financial Reporting Council (FRC) of Nigeria, have all said they remain committed to championing the drive of sustainability and climatic disclosure repor...
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Naira Loses Further To Dollar

Naira Loses Further To Dollar

Naira lost further to the dollar on Monday as it exchanged at N461.67 at the Investors’ and Exporters’ window. The rate represented a decrease of 0.04 per cent, compared to the N461.50 for which it exchanged to the dollar at...
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Naira Gains 0.14% At Investors, Exporters Window

Naira Gains 0.14% At Investors, Exporters Window

Naira exchanged at N461.35 to the dollar at the Investors and Exporters window on Wednesday. The rate represented an appreciation by 0.14 per cent compared with the N462 for which it exchanged to the dollar on Tuesday. The open indicative...
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Again, Naira Gains At Investors, Exporters Window By N461.17

Again, Naira Gains At Investors, Exporters Window By N461.17

The Naira on Friday exchanged at N416.17 to the dollar at the Investors and Exporters window. The figure represented an appreciation by 0.03 per cent compared with the N461.33 it exchanged on Thursday. The open indicative rate closed at N461.25...
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Naira Gains At Investors, Exporters Window By N461.33

Naira Gains At Investors, Exporters Window By N461.33

The Naira on Thursday exchanged at N461.33 to the dollar at the Investors and Exporters window.  The figure represented an appreciation by 0.06 per cent compared with the N461.60 it exchanged on Wednesday.  The open indicative rate closed at N461.30....
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Naira Re-design Won’t Affect 2023 General Election, Says CBN  

Naira Re-design Won’t Affect 2023 General Election, Says CBN  

The Central Bank of Nigeria (CBN) says naira re-design won’t affect the 2023 general election, as it will provide required cash and other support needed for smooth conduct of the poll.  Godwin Emefiele, the CBN Governor, said this when he...
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CBN To Sanction Banks Dispensing Old Notes Through ATMs 

CBN To Sanction Banks Dispensing Old Notes Through ATMs 

The Central Bank of Nigeria (CBN), on Thursday threatened to sanction banks in Cross River dispensing old naira notes through their Automated Teller Machines, (ATMs).  The warning came from Ms Glory Iniunam, Branch Controller of CBN in Cross River, during...
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Emefiele: Nigeria’s Rising Inflation Consistent With Global Trend 

Emefiele: Nigeria’s Rising Inflation Consistent With Global Trend 

Governor of Central Bank of Nigeria (CBN), Godwin Emefiele,  on Friday said the steady increase in headline inflation from 15.60 per cent in January to 20.77 per cent in September was consistent with global trends.  Emefiele said this at the 57t...
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World Bank Urges Nigeria To Fix Public Finances

World Bank Urges Nigeria To Fix Public Finances

World Bank has advised Nigeria to fix its public finances as part of measures to promote inclusive and sustainable development.  This is contained in the World Bank Nigeria Public Finance Review Report released on Monday in Abuja.  A copy of...
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