News
Nigeria: CBN Launches Revamped Website to Enhance Transparency and User Experience
The Central Bank of Nigeria (CBN) has officially launched its newly redesigned website, marking a significant milestone in its efforts to improve transparency ...
Nigeria
Nigeria: CBN Extends Bureaux De Change Recapitalisation Deadline by Six Months, Urges Industry Unity
The Central Bank of Nigeria (CBN) has extended the deadline for bureaux de change (BDC) operators to meet new recapitalisation requirements by six ...
Nigeria
Nigeria: CBN Launches Electronic Foreign Exchange System with $100,000 Minimum Trading Limit
The Central Bank of Nigeria (CBN) has introduced the Electronic Foreign Exchange Matching System (EFEMS), a new initiative designed to promote transparency, fairness, ...
News
Nigeria: Development Bank of Nigeria Wins CBN Financial Inclusion Leadership Award
The Development Bank of Nigeria Plc (DBN) has been honored with the Financial Inclusion Leadership Award by the Central Bank of Nigeria (CBN). ...
Nigeria
Nigeria: CBN, First Bank Advocate Stronger Collaboration with Chinese Banks
The Central Bank of Nigeria (CBN) and First Bank Nigeria Limited have called for enhanced collaboration between Nigerian and Chinese banks to support ...
News
Nigeria: Digital Space Capital Records 81% Profit Surge to N620 Million
Digital Space Capital (DSC), a leading financial investment firm, reported an 81.7% increase in profit after tax to N620 million for 2023, up ...
Africa
Africa: Access Bank Finalizes Acquisition of Standard Chartered Operations in Angola and Sierra Leone
Access Holdings Plc has announced the successful acquisition of Standard Chartered Bank Angola S.A. and Standard Chartered Bank (Sierra Leone) Limited by its ...
Nigeria
Nigeria: House of Representatives to Summon CBN Governor, Bank CEOs Over Unverified POS Operators
The House of Representatives has resolved to summon the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, alongside the Chief Executive ...
News
Nigeria: CBN Intervenes with $48 Million Sale to Defend the Naira
The Central Bank of Nigeria (CBN) has sold $48 million to authorized dealer banks in its ongoing efforts to stabilize the naira and ...
News
Nigeria: SEC Assures Investors of Fund Safety Amid Fintech Growth
The Securities and Exchange Commission (SEC) has reassured investors of the safety of their funds as financial technology (Fintech) reshapes Nigeria’s investment landscape. ...