Telcos renew push for first tariff hike in 11 years after rare losses Telecommunication companies in Nigeria are renewing their push for an increase in prices of calls, data, and other services after multiple failed… Financial News Highlights April 26, 2024 – Telcos Push For Tarriff Hike in 11 years etc
Mass sack at CBN, 7 directors, over 90 senior management staff lose jobs Mass termination of appointments continued at the Central Bank of Nigeria (CBN) on Friday. as up to seven directors, and… Financial News Highlights May 25, 2024 – CBN Mass Sack etc
CBN clarifies guidelines on BDCs licensing The Central Bank of Nigeria (CBN) has clarified the tier-based classification of Bureau De Change (BDCs), stating that the new guidelines followed an earlier exposure draft circulated for public… Financial News Highlights May 24, 2024 – CBN Clarifies On BDCs Licencing etc
Naira gains to 1,250/$ after CBN sells fresh dollars to BDCs The naira gained Tuesday morning after the Central Bank of Nigeria (CBN) sold dollars at a discount to Bureau de Change (BDC) operators… Financial News Highlights For April 24, 2024 – Naira gains Against USD, ETC
Justice Yellim Bogoro of the Federal High Court sitting in Lagos has ordered a temporary forfeiture to the Federal Government of $4,719,054, N830,875,611, and several properties linked to a former governor of the Central Bank… Court Orders Forfeiture Of Emefiele’s $4.7m, N830m, Properties
CBN directs all BDCs to reapply for licence The Central Bank of Nigeria (CBN) has directed all existing Bureau de Change operators (BDCs) to reapply for new operational licences. Regulatory and Supervisory Guidelines… Financial News Highlights May 23, 2024 – CBN Directs BDCs To Reapply etc
The Central Bank of Nigeria (CBN) has issued a circular to Bureau De Change (BDC) operators, notifying them of direct sales of US dollars at a discounted rate of N1,021 per dollar. CBN Circular On… CBN Sales $10,000 To Each BDC at N1,021 Per USD
Dangote Petroleum Refinery Announcement DANGOTE Petroleum Refinery has again announced a further reduction in the prices of both diesel and aviation fuel to N940, and N980 per litre respectively. This is coming at the… Diesel And Aviation Fuel Prices Crashed To N940 And N980 Respectively.
The Institute of Chartered Accountants of Nigeria (ICAN) has called on the Central Bank of Nigeria to reconsider its exclusion of retained earnings as part of the capital base of banks. This was disclosed… Banks’ Recapitalization – ICAN Urges CBN To Include Retained Earnings