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Há 11 horas · The Central Bank of Nigeria (CBN) has announced a significant overhaul of the Bureau de Change (BDC) sub-sector to strengthen the foreign exchange market. The new guidelines, effective June 3rd, aim to improve the BDCs’ role in the forex market and address past concerns. A key change is the substantial increase in minimum capital requirements. …
Há 11 horas · It also directed that BDCs meet the minimum capital requirements for the license category applied for within six months from the effective date of the guidelines. Nigeria: CBN Directs All BDCS to ...
Há 11 horas · Founded on January 22, 1995, THISDAY is published by THISDAY NEWSPAPERS LTD., 35 Creek Road Apapa, Lagos, Nigeria with offices in 36 states of Nigeria , the Federal Capital Territory and around ...
Há 11 horas · The Central Bank of Nigeria (CBN) issued a new policy on March 28, 2024, to enhance the banking system’s stability and support economic growth. This policy raises the minimum capital for commercial, merchant, and non-interest banks in Nigeria. Our newsletter breaks down Nigeria’s updated minimum bank capital requirements.
Há 11 horas · Recall that on May 14, the Organisation of Petroleum Exporting Countries (OPEC) said Nigeria’s average daily crude oil production rose to 1.28 million barrels per day (mbpd) in April. This is below the 1.78 million bpd estimate adopted by President Bola Tinubu in the 2024 budget and the production quota of 1.5 million bpd set for the country by OPEC in 2024.
Há 11 horas · ShareBy David Torough, Abuja The Government of the United Kingdom has said that it will support Nigeria’s capital market to ensure sustainable development in the country.This was made known on Wednesday in a press statement released by the Foreign, Commonwealth & Development Office Senior Press & Public Affairs Officer, Ndidiamaka Eze.
