CBN Introduces New Anti-money Laundering Rules     The Central Bank of Nigeria (CBN) has rolled out a new set of penalties for organisations that flout its Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) rules. The central bank stated this in a circular titled: “CBN Anti-Money...

ABCON Set To Launch Website For FX Rates In May     The Association of Bureaux De Change Operators of Nigeria (ABCON) will on May 2, 2018, launch www.naijabdcs.com, a live rate engine room created by theassociation to promote transparency and price discovery in the foreign exchange...

CBN: Credit Bureaux Stimulating Business And  Economic Growth     The Central Bank of Nigeria says aside of significantly reducing non-performing loans in the country’s financial system, credit bureaux have helped to stimulate the growth rate of businesses in the country as well as the economy at large. Aside of...

CBN Injects Another $210 Million Into Forex Market     ABUJA – In continuation of its intervention in the inter-bank sector of the Foreign Exchange market, the Central Bank of Nigeria (CBN) has intervened with another sum of $210million in the forex market to meet the requests...

Agribusiness: CBN To Increase Intervention Fund To N60bn     The Central Bank of Nigeria, in collaboration with the Bankers’ Committee, on Thursday commenced the disbursement of N26bn Agribusiness/Small and Medium Enterprises Investment Fund to the first set of beneficiaries. The fund was set up by the Bankers’...

Nigeria’s External Reserves’ll Soon Hit $50bn Says Emefiele   The Governor of Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, yesterday, predicted that the nation’s foreign reserves would soon hit $50 billion mark. He made the prediction while speaking at the 25th CBN seminar for Finance...