CBN to enforce banks’ compliance with SWIFT code
The Central Bank of Nigeria (CBN) has ordered banks to comply with the SWIFT universal payment confirmation. It stated this…
CBN to clamp down on breach of export laws
The Central Bank of Nigeria (CBN) has said that it will be a breach of extant regulations for any shipping…
2021 Budget: Buhari makes presentation to National Assembly on Thursday
President Muhammadu Buhari will on Thursday present the 2021 budget estimate to a Joint session of the National Assembly. The…
Domestic investors stake N731bn in eight months
The total value of transactions executed by domestic Investors on the Nigerian Stock Exchange in the first eight months of…
Oil firms’ debts near N5tn amid price collapse
The debts owed by oil and gas companies to Nigerian banks rose by N90bn in the second quarter of this…
Banks need approval to lend to states– FRC
Deposit Money Banks in the country have been advised to seek the approval of the Fiscal Responsibility Commission (FRC) before…
Cheque books to carry new security features.
Beginning from January 1, 2021, banks will introduce a new digit on the Magnetic Ink Character Recognition code line and…
External reserves tops $35b in September
Nigeria’s foreign reserves stood at $35.723bn as of September 29, according to the Central Bank of Nigeria. The CBN disclosed…
SEC grants approval-in-principle for CCP registration
FMDQ Clear Limited has become Nigeria’s premier central counterparty following the approval-in-principle given to it by the Securities and Exchange…
RMAFC ranks Osun state high on fiscal transparency
Osun State says the Revenue Mobilisation Allocation and Fiscal Commission has scored it high in the area of fiscal transparency…