Beneficiaries of Diaspora remittances through International Money Transfer Operators (IMTOs) shall henceforth receive such inflows in the foreign currency (US Dollars) through the designated bank of...
The naira is inching close to N500 to the dollar and worried Central Bank of Nigeria (CBN) has criticized the unofficial window, so-called black market rate....
Central Bank of Nigeria (CBN) has said the implementation of the cashless policy had increased the risks associated with e-payments. Speaking at the First Bank of...
By Lukman Otunuga, Senior Research Analyst at FXTM, Africa’s largest economy has descended into its second recession in less than five years as oil production dropped...
Bank customers will now pay charges for failed direct debit transactions, according to the latest new guide released by the Central Bank of Nigeria (CBN). Direct...
Central Bank of Nigeria (CBN) has given conditions to allow the opening of Forms ‘M’ by companies whose forex payments are routed through a buying company,...
Mr. Lukman Otunuga, senior research analyst at FXTM Global, has warned that free float of the naira will hurt consumers at this time. This is coming...
Central Bank of Nigeria (CBN), has effectively obstructed about N622 billion interest earnings that would have accrued to banks and other individual and corporate investors in...
Federal government is once again proposing the unpopular Unclaimed Dividend Trust amendment to the Companies & Allied Matters Act (CAMA), where unutilised bank balance and unclaimed...
President Muhammadu Buhari has assented to the Banks and Other Financial Institutions Act (BOIFA ) 2020. Garba Shehu, presidential spokesman, made the announcement in a statement...
