CBN clarifies guidelines on BDC licensing
The PUNCH earlier reported that The CBN updated its regulatory guidelines for BDC operations in Nigeria, after consulting with stakeholders.
Source: punchng.com
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CBN to increase BDC minimum share capital to N2bn
The Central Bank of Nigeria (CBN) has directed for an increase in the share capital of Bureau De Change (BDC) operators
Source: tribuneonlineng.com
"Banks taking 10-20% of US$100 dollar notes" – Lawyer – The Zimbabwe Mail
There has been controversy surrounding some United States dollar notes in Zimbabwe, as banks, businesses, and individuals claim that they are not worth their full value. Reports suggest that some banks are taking a percentage of every dollar, ranging from 10% to 20%. This issue was highlighted by a Zimbabwean lawyer named Tinomudaishe Chinyoka, who…
Source: thezimbabwemail.com
Nigeria is unclassified on the FTSE
The Financial Times Stock Exchange (FTSE) has reclassified Nigeria from frontier market status to unclassified market status.
Source: techcabal.com
CBN takes steps to stabilise exchange rate
IN a flurry of measures which analysts regard as steps to stabilise foreign exchange market, the Central Bank of Nigeria (CBN) has announced new
Source: tribuneonlineng.com