Boma Achenimie
The Central Bank of Nigeria (CBN) has extended the deadline for the recapitalization of Bureau De Change (BDC) operators from December 3, 2024, to June 3, 2025. Aminu Gwadabe, the President of the Association of…
Boma Achenimie
The Central Bank of Nigeria (CBN) has warned that the removal of fuel subsidy, rising import costs, and increased external debt servicing could negatively impact the growth of the nation’s external reserves in 2024/2025. This…
Boma Achenimie
The Central Bank of Nigeria (CBN) has announced the implementation of a new updated Cash Reserve Requirement (CRR) mechanism, leading to the cessation of daily CRR debits. The development was confirmed in a letter signed…
Boma Achenimie
The Central Bank of Nigeria (CBN) on Friday revealed its plan to implement a new round of banking recapitalisation for the Deposit Money Banks (DMBs) across the country. The Governor of the Apex Bank, Olayemi…
