By our reporter/ The Central Bank of Nigeria (CBN) on Tuesday banned the sale of forex to Bureau De Change operators (BDCs). Godwin Emiefele, governor of the bank, who made…
Read More CBN bans sale of forex to BDC operators, says ‘they’ve turned into money laundering agents’
The monetary policy committee of the Central Bank of Nigeria (CBN) on Tuesday retained the monetary policy rate (MPR) at 11.5 percent. At its last meeting, the committee members also…
Read More CBN retains benchmark lending rate at 11.5%
The Asset Management Corporation of Nigeria (AMCON) says it has taken over the major interests in NICON Insurance Limited and the Nigeria Reinsurance Corporation (Nigeria Re). The asset management corporation…
Read More AMCON takes over Jimoh Ibrahim,s NICON Insurance, Nigeria Reinsurance Corporation
President Muhammadu Buhari has assented to the 2021 Supplementary Appropriation Bill submitted to the National Assembly in June. Mr Umar El-Yakub, the Senior Special Assistant to the President on National…
Read More Buhari signs N982.72bn supplementary budget for security, COVID-19
By our reporter/ Ahead of the Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) starting on Monday July 26, the financial regulator on Saturday reiterated the…
Read More CBN dismisses distress alert on Zenith Bank