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Business

CBN sells dollars to BDC operators at N1450

The Central Bank of Nigeria (CBN) has sold dollars to eligible Bureau De Change (BDC) operators at the rate of N1450 per dollar. This announcement...
Business

CBN Gov. links high interest rates to ₦27 trillion government loan

Yemi Cardoso, Governor of the Central Bank of Nigeria (CBN), has attributed the rising high interest rates to the excessive ₦27 trillion loan facility...
Business

Banks must accept old US dollar notes or face penalties, warns CBN

The Central Bank of Nigeria (CBN) has issued a stern warning to its regulated entities against the continued rejection of old series and lower...
News

CBN to implement more policies to tackle cybersecurity challenges

The Central Bank of Nigeria (CBN) says it will continue to implement more policies to tackle cybersecurity challenges, foster innovation to ensure stability and...
Business

CBN Governor: Islamic Banking not attempt to Islamize Nigeria

The Central Bank of Nigeria (CBN) on Sunday expressed relief that Nigerians have fully embraced the introduction of Islamic banking, years after speculations suggested...
Business

Wema Bank set to raise N200 Billion capital within CBN’s 24-month deadline

Wema Bank, on Tuesday, said it is set to raise N200 billion in capital within the 24-month timeline issued by the Central Bank of...
Economy

New banks minimum capital requirement will strengthen financial system – Expert

A financial expert, Prof. Uche Uwaleke, has commended the Central Bank of Nigeria (CBN) for raising the minimum capital requirement for Nigerian banks. Uwaleke, a...
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