As part of its determination to increase foreign exchange liquidity and improve retail business, the Central Bank of Nigeria (CBN) has introduced the use of FORM X for the Small and Medium Enterprises (SMEs) banks that require basic documentation.
Some indigenes of Kano State have reacted to some statements by the Emir of Kano, Muhammadu Sanusi II, with some describing them as critical and inflammatory comments on religious and family issues.
President Muhammadu Buhari has forwarded the list of non-Executive Directors of the Board of the Central Bank of Nigeria (CBN) to the Senate for confirmation.
Central Bank of Nigeria (CBN) has opened a special Forex window for Small and Medium Enterprises (SMEs) to enable SMEs import eligible finished and semi-finished items not exceeding $20,000 for an enterprise per quarter.
Association of Bureau De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to review upward foreign exchange sales margins to N10.00 to enable them cover loses.
The Central Bank of Nigeria (CBN) Monday released the sum of $90 million to meet requests for invisible such as Business Travellers Allowance, Personal Travellers Allowances, medical and school fees.
PAULETTE ORJIME- Abuja
Minister of Finance, Mrs. Kemi Adeosun has confirmed the approval of the grant of a Wholesale Development Finance Institution Licence with national authorization to the Development Bank of Nigeria (DBN) Plc, by the Central Bank of Nigeria (CBN).
Union Bank said it has been awarded the most effective bank in e-reference operations.
The Central Bank of Nigeria (CBN) has directed all banks to immediately begin sale of forex for BTA, PTA, tuition and medical fees to customers at not more than N360 per dollar.