business
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CBN N500b Capital Requirements Alerts Potential Bank Merging
A Significant increase in the minimum capital requirements for all banks operating in the country was yesterday announced by the Central Bank of Nigeria (CBN).Acting Director, Corporate Communications, Mrs. Hakama…
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BDCs Dispel Viral Post, Dollar Not Selling at N1,000/$1
Bureau De Change operators have refuted reports circulating on X (formerly Twitter) regarding the dollar selling at N1,000 in the parallel market. There have been rending reports on X that…
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Naira Continues to Strengthen Against USD in Forex Market
The Naira continued its appreciation against the US Dollar at the foreign exchange market as USD transactions surged. FMDQ data showed that the Naira appreciated to N1,572.82 per USD upon…
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CBN Recapitalization Standards: Only Seven Banks Qualify
17 out of the existing 24 Deposit Money Banks may be unable to meet the Central Bank of Nigeria’s capital requirement if it is increased from its current N25bn, according…
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Access Holdings Appoints Aigboje Aig-Imoukhuede as Chairman, 11 years after Retirement
Access Holdings Plc has announced the return of Aigboje Aig-Imoukhuede, as the non-executive chairman. In a statement filed on the Nigerian Exchange Limited (NGX) on Wednesday, the financial institution said…
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Federal Government Plans to Establish Standards for Electric and CNG Vehicles
The National Automotive Design and Development Council has announced plans to validate its National Occupational Standards for the conversion and maintenance of electric vehicles and Compressed Natural Gas vehicles. The…
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