Tag: CBN
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Financial analysts are divided on CBN’s dollar sales to BDC operators
The Central Bank of Nigeria's (CBN) decision to sell dollars to Bureau De Change (BDC) operators below market rate has caused a rift among...
Why Retained Earnings are not Included in Bank Recapitalization Process – CBN
The Central Bank of Nigeria's (CBN) Director of Financial Policy & Regulatory Department, Haruna B. Mustafa, has given explanations for why bank retained earnings...
Tinubu Initiates 42,000 Tons Food Aid; Ondo Begins Distribution – Trending Today
Hello and welcome! In today's trending news stories;
1. Nigeria's President Tinubu has initiated the distribution of 42,000 metric tonnes of food from the National...
JUST IN: CBN Stops Use of Foreign Currencies as Collateral for Naira Loan
The Central Bank of Nigeria has directed all banks in Nigeria to stop the use of foreign currencies as collateral for naira loans.
The Apex...
CBN Terminates 40 Employees
In a move indicative of its ongoing restructuring agenda, the Central Bank of Nigeria (CBN) has proceeded with the termination of 40 employees, primarily...
