Nigeria’s Bad Loans Climb Above Regulatory Limit as CBN Tightens Banking Rules
Nigeria’s banking sector is facing growing pressure as the ratio of bad loans increased to 8.03 per cent in January ...
Tag: Banking Regulation
Rebuilding Trust: Otedola, FirstBank and Nigeria’s Governance Reset
Nigeria’s oldest financial institution is attempting one of the most consequential reputation rebuilds in its modern history. At the centre ...
CBN Orders IMTOs to Open Naira Accounts to Track Remittances
The Central Bank of Nigeria (CBN) has directed all International Money Transfer Operators (IMTOs) in the country to open and ...
CBN Tightens Remittance Rules
The Central Bank of Nigeria has introduced stricter guidelines governing international money transfers, requiring remittance service providers to channel all ...
CBN Bars Loan Defaulters from Accessing New Credit Facilities
The Central Bank of Nigeria (CBN) has directed banks to restrict access to certain banking services for large borrowers with ...
BDC Operators Can Now Buy FX from NFEM at Market Rate — CBN
The Central Bank of Nigeria (CBN) has approved access for licensed bureau de change (BDC) operators to purchase foreign exchange ...
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