CBN

Banking and Finance

CAC extends PoS agents’ registration deadline to September

THE Corporate Affairs Commission (CAC) has extended the registration of Point of Sales (PoS) operators till September 5, 2024. The...
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Business and Economy

Crude oil prices settle above $90 first time since April

THE price of crude oil has traded above $90 per barrel amid concerns over Nigeria's daily production volume. The ICIR...
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Business and Economy

Economy suffering as inflation weigh down business activities to seven-month low

THERE are growing concerns as the Nigerian Purchasing Managers’ Index (PMI) dropped to 50.1 points in June, showing inflation...
Ehime ALEX -
Banking and Finance

CBN to sanction banks, forex dealers rejecting old dollar notes

THE Central Bank of Nigeria (CBN) said it would sanction deposit money banks (DMBs) and authorised forex dealers rejecting...
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Banking and Finance

Why CBN may consider revoking some bank’s operating licence

FOLLOWING the revocation of Heritage Bank Plc's licence over its failure to improve its financial performance, indications quickly emerged...
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Banking and Finance

CBN grants international money operators access to grow diaspora remittances

THE Central Bank of Nigeria (CBN) has opened new measures for eligible International Money Transfer Operators (IMTOs) to access...
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