CBN directs banks to stop using FX revaluation gains to pay dividends, operating expenses
September 12, 2023 The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to stop utilising gains from their foreign exchange revaluation for dividends and operational expenditures. The…
Forex: CBN directs commercial banks to set up teller points
July 29, 2021 The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to set up teller points in designated branches for the sale of Foreign Exchange (forex)…
First Bank: CBN says removal of MD not justifiable, seeks explanation from bank
April 29, 2021 The Central Bank of Nigeria (CBN) has queried the Board of the First Bank of Nigeria Plc for removing Dr Adesola Adeduntan, the Managing Director/Chief Executive Officer,…