Investors seeks resolution to Barbican Capital, FBN Holdings legal tussle
Members of the minority investors community have asked for a resolution of the fresh legal dispute at FBN Holdings involving the shareholding…
CBN
UBA, others disqualified from CBN’s Dutch auction
The Central Bank of Nigeria recently held a retail Dutch Auction in which six major banks were excluded, including United Bank for…
CBN list guidelines for fund repatriation by companies
The Central Bank of Nigeria has announced the documentation requirements for divestments and repatriation of foreign investments related to the Certificate of…
MAN urge CBN to resolve $2.4bn forex contracts
Manufacturers Association of Nigeria has urged the Central Bank of Nigeria to resolve the $2.4bn foreign exchange forward contracts to avoid plunging…
Nigeria net FX flow surges to $25.4bn in six months
The Central Bank of Nigeria has stated that net foreign exchange flows increased to $25.4 billion between January and June, showing a…
CBN endorse Providus Bank, Unity Bank merger
The Central Bank of Nigeria has granted the merger of Providus Bank and Unity Bank. This was disclosed in a statement signed…
Senate passes bill to raise CBN loans to FG
The national assembly on Wednesday passed a bill to raise the percentage of Ways and Means loans the Central Bank of Nigeria…
Accounts not used in 10-years are classified dormant – CBN
The Central Bank of Nigeria has stated that an account can only be designated as dormant and used for investment purposes if…
CBN to setup office for dormant account funds management
The CBN has revealed that a separate office would be created to manage dormant accounts and unclaimed balances. This was disclosed in…
Naira decline: CBN disburses $148m to 29 authorised dealers
The Nigerian Central Bank has distributed $148 million to 29 authorized dealers as part of its efforts to stabilise the foreign exchange…
Nigeria’s external reserves hit $37.05bn
Nigeria’s external reserves have climbed once more to $37.05 billion as of July 18, 2024. This disclosure was made by the Governor…
FX inflow via IMTOs reach $1.07bn in three months – CBN
Foreign exchange inflows from International Money Transfer Operators increased by 38.86 per cent to $1.07bn in the first quarter of 2024, from…