First Bank MD, Adesola Adeduntan, resigns
After nine years as the managing director of First Bank of Nigeria Limited, Adesola Adeduntan has resigned from his position.
He was set to retire...
CBN sells dollars to BDCs below market rate at N1,101/$1, BDC...
The Central Bank of Nigeria (CBN) has issued a circular to Bureau De Change operators (BDCs) advising them to sell $10,000 to each BDC...
CBN increased capital base for commercial banks with international authorisation to...
The Central Bank of Nigeria (CBN) has increased the capital basis of commercial banks with international authorization to N500 billion and national banks to...
BREAKING: CBN raises interest rate to 24.75%
The Central Bank of Nigeria (CBN) has increased the interest rate by 200 basis points to 24.75% from 22.75% in an effort to address...
JUST IN: CBN sells forex to BDCs @N1,251/$1, instruct them not...
The Central Bank of Nigeria has sent a circular to BDCs alerting them that they had sold $10,000 to each BDC at a rate...
JUST IN: FG files tax evasion charges against Binance
The Federal Government on Monday launched proceedings against Binance, a popular cryptocurrency exchange platform, over tax evasion.
The Federal Inland Revenue Service filed the accusations...
Court orders Binance to release data of Nigerians trading on its...
The Federal High Court in Abuja has ordered Binance Holdings Limited to provide the Economic and Financial Crimes Commission with all data and information...
Banks not allowed to pay dividends from FX revaluation grains...
The Central Bank of Nigeria (CBN) has reiterated that banks are not allowed to use their foreign exchange revaluation gains for dividends or operational...
“Naira looks Cheap”, to appreciate to N1,200/$1 – Goldman Sachs
Goldman Sachs analysts Andrew Matheny and Bojosi Morule forecast a large increase in the exchange rate to N1,200/$ in 12 months.
This represents a huge...
JUST IN: Bank of Ghana suspends forex licences of GTB and...
The Bank of Ghana has declared that Guaranty Trust Bank Ghana Limited (GTB) and FBNBank Ghana Limited (FBN)'s foreign exchange trading licences will be...