Tag: Hakama Ali

According to the apex bank, the money market benchmark was introduced to align Nigeria with global best practices and to ...

The bank said only the BDCs listed on its website were authorised to buy and sell foreign currency.

Nigeria had been placed on the grey list in February 2023, when the FATF identified strategic weaknesses in its systems ...

The balance of payments tracks the money entering and leaving a country.

The central bank emphasised that the bank’s operations remain secure, with full compliance with regulatory standards and a commitment to ...

Section 50(3) stipulates that these accounts must be published in the government gazette “as soon as possible.”

It said the clarification follows widespread misinformation regarding the validity of the old notes.

The CBN clarified that the SWIFT documents provided as evidence are often unverifiable and not traceable on the SWIFT platform.

“We wish to clarify that this is false. These individuals are solely motivated by the desire to defraud unsuspecting Nigerians. ...

“The Group’s shareholder’s funds crossed N2 trillion from N922 billion in 2022, whilst total assets crossed the N20 trillion mark,” ...

The CBN said the jump was recorded on the back of policy reforms introduced by the apex bank in the ...

Many of the customers have called on both the CBN and FCCPC to intervene urgently to save them from a ...

The approval aims to strengthen the flow of foreign currency into the country through official channels.

All banks are required to meet the minimum capital requirement within 24 months

The CBN has provided enhanced digital platforms for all transactions and has established specific limits to manage NNPCL transactions, the ...

Describing these allegations as completely false, the CBN asserts that the intention behind such reports is to instigate panic within ...

The latest payment brings the total amount disbursed to the aviation sector to $136.7 million, effectively settling all verified claims.

This intervention encompasses the complete clearance of liabilities for 14 banks and the initiation of settlements with foreign airlines.