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CBN latest news - Page 35

Union Bank Acquisition In Controversy As Lawyers Want CBN Approval Cancelled

Approval for the take over of Union Bank plc by Titan Trust Bank granted by the Central Bank of Nigeria (CBN) has since stirred controversy over the process of the acquisition. A team of Senior lawyers led by Mr A.M. Makinde have

July 11, 2022

Business·Currency

Official Exchange Rate Set To Rise Significantly, As World Bank Demands CBN Adjust Forex Rate

The World has requested an adjustment in the exchange rate of the Investors & Exporters (I&E) window in Nigeria, stating that the rise in oil price has presented the Central Bank of Nigeria (CBN) to take review. According to the World Bank,

June 21, 2022

Business

Why CBN Seized $450 million Belonging To Foreign Airlines Operating In Nigeria

About $450 million belonging to foreign airlines operating in Nigeria has been seized by the Central Bank of Nigeria (CBN), preventing the international companies from repatriating the funds back to their base. The International Air Transport Association (IATA) made the disclosure in

June 21, 2022

Business

World Bank Criticises CBN Policies, Says Nigeria Sitting On Time Bomb

The Central Bank of Nigeria (CBN) policies have been criticised by the World Bank, saying it worsens the business environment in the country. The global financial body hinted that the financial regulator needs to reduce its interventions. In its monthly report on

June 20, 2022

Business·Technology

NairaEx Founder, David Ajala, Reveals How CBN Cryptocurrency Ban Made Bitcoin, Others More Popular

David Ajala, the Chief Executive Officer and founder of Nigerian cryptocurrency exchange, NairaEx, said the Central Bank of Nigeria (CBN) ban on cryptoasset trading affected user transactions in the Nigerian digital currency market. At the start of November last year, bitcoin trade

June 15, 2022

Business·Finance & Economy

Godwin Emefiele Increases Bid For Non-interest Asset-backed Securities To N100 million

The minimum bid for non-interest asset-backed securities has been raised to N100 million by the Central Bank of Nigeria (CBN), a circular signed by the apex bank’s Director, Financial Markets Department, Angela Sere-Ejembi, disclosed. In the circular issued in 2022, titled “Framework

June 13, 2022

Business·Personal Finance

Four Ways NPower Beneficiaries Can Collect Loans Without Collateral

Are you an NPower beneficiary in need of quick loan because the amount given by the Federal Government is not enough for your personal upkeep or to run your small business, but you don’t have collateral to submit? then here’s a loan

June 8, 2022

Business

BDC Operators Address Unstable Forex Rates, As Naira Hit N615 Per Dollar

The Association of Bureaux De Change Operators of Nigeria (ABCON) has urge the Central Bank of Nigeria (CBN) to partner with the group in order to end multiple exchange rates, as rise Naira grows weaker. Naira had closed the official market at

June 7, 2022

News

CBN Stopped From Keeping Sensitive Electoral Materials, Here’s Why

The Central Bank of Nigeria (CBN) will no longer store sensitive electoral materials, due to the apex bank governor, Godwin Emefiele, unconventional political ambition for the 2023 Presidential election. His presidential aspiration has now forced Independent National Electoral Commission (INEC) to seek

June 4, 2022

CBN Owes Goldman Sachs, JP Morgan $7.5bn, Releases Financials Amid Probe

Business

CBN Releases Guidelines On Bank Neutral Cash Hubs

The Central Bank of Nigeria (CBN) has released guidelines for setting up Bank Neutral Cash Hubs (BNCHs). The CBN, in a statement, noted that the BNCHs are being initiated in furtherance of its mandate to promote a sound financial system in Nigeria,

June 2, 2022

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CBN latest news - Page 35

Union Bank Acquisition In Controversy As Lawyers Want CBN Approval Cancelled

Official Exchange Rate Set To Rise Significantly, As World Bank Demands CBN Adjust Forex Rate

Why CBN Seized $450 million Belonging To Foreign Airlines Operating In Nigeria

World Bank Criticises CBN Policies, Says Nigeria Sitting On Time Bomb

NairaEx Founder, David Ajala, Reveals How CBN Cryptocurrency Ban Made Bitcoin, Others More Popular

Godwin Emefiele Increases Bid For Non-interest Asset-backed Securities To N100 million

Four Ways NPower Beneficiaries Can Collect Loans Without Collateral

BDC Operators Address Unstable Forex Rates, As Naira Hit N615 Per Dollar

CBN Stopped From Keeping Sensitive Electoral Materials, Here’s Why

CBN Releases Guidelines On Bank Neutral Cash Hubs

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