The Central Bank of Nigeria (CBN) has approved the participation of licensed Bureau De Change (BDC) operators in the Nigerian Foreign Exchange Market (NFEM) as part of efforts to improve…
Read More CBN okays weekly FX Sale of $150k to each BDC
Category: Economy
Dangote explores investment opportunities in Burundi, meets with President
Africa’s richest man, Aliko Dangote, paid a brief but strategically significant visit to Burundi, where he explored new investment opportunities and cemented plans to expand the Dangote Group’s presence across…
Read More Dangote explores investment opportunities in Burundi, meets with President
Naira’s value appreciates, gains N11.93 at official market
The naira on Monday opened the week with a gain at the official market, trading at N1,354.25 per dollar. According to data released on the Central Bank of Nigeria’s official…
Read More Naira’s value appreciates, gains N11.93 at official market
Customer distressed as UBA debits her account without consent
A customer with the United Bank for Africa [UBA] has taken to X to raise alarm following the deduction of over two hundred thousand naira from her account by the…
Read More Customer distressed as UBA debits her account without consent
CBN okays BoI to operate non-interest banking window
The Bank of Industry (BoI) has secured regulatory approval from the Central Bank of Nigeria (CBN) to operate a non-interest banking (NIB) window. Announcing the development on Sunday in Lagos…
Read More CBN okays BoI to operate non-interest banking window