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Heritage Bank empowers BB Naija 5 top finalists with investment support

April 22, 2017/Heritage Bank Ltd In its continual commitment to boost the small medium enterprise (SME) sector, Heritage Bank Plc, one of the proud sponsors of Big Brother Naija Season-2… Read more »

IMF meeting: CBN resists calls to float naira

22/4/2017/Punch The Central Bank of Nigeria has resisted calls from financial institutions in Washington to float the naira, saying it cannot kill Nigerians in the name of floating the currency…. Read more »

Foreign Exchange Payment for Small-scale Importation

Culled–Proshare April 21, 2017/CBN Further to the circular referenced TED/FEM/FPC/GEN/01/002 dated April 10, 2017, on the above subject, the Central Bank of Nigeria hereby introduces the use of FORM Q… Read more »

CBN Suspends New Withdrawal, Deposit Processing Fees

April 21, 2017/CBN You will recall that a directive was issued on the nationwide implementation of the Cash-less policy vide our circular with reference numbers BPS/DIR/GEN/CIR/04/001 dated 21st February, 2017… Read more »

CBN Establishes Investors’, Exporters’ FX Window

April 21, 2017/CBN Click here to Download Full PDF Circular Introduction The Central Bank of Nigeria (CBN), in a continuing effort to deepen the foreign exchange (FX) market and accommodate… Read more »

Naira Appreciates Further As CBN Sustains Intervention in Forex Market

Culled—Proshare Thursday, April 20, 2017   11:22 PM / CBN The Naira firmed up at the Bureau de Change (BDCs) segment on Thursday, April 20, 2017, trading at between N376 and… Read more »

Short-Term Ratings on Five Nigerian Banks Raised to ‘B’ On Criteria Revision

Culled—Proshare April 20, 2017/S&P Global Ratings S&P Global Ratings said that it has raised its short-term counterparty credit ratings on five Nigerian banks (please refer to the Ratings List section… Read more »

CBN Says Authorised Dealers to Process Form NXP in 48 Hours

April 20, 2017/CBN The Federal Government of Nigeria in its effort to create an enabling environment for doing business in Nigeria has approved the reduction of documentation requirement and timeline… Read more »