February 2, 2024/CBN The Central Bank of Nigeria in September 26, 2014 issued the guidelines for International money transfer services in Nigeria which provided a framework for the licensing and operations of International Money Transfer Operators (IMTOs) In Nigeria. Following recent reforms to: |. Liberalize the foreign exchange market and […]
Money Market
CBN Requires Removal of Allowable Limit of Forex Quoted by IMT Operators
February 1, 2024/CBN The circular with reference TED/FEM/PUB/FPC/001/009 dated September 13, 2023 states that International Money Transfer Operators are required to quote rates within an allowable limit of -2.5% to +2.5% around the previous day’s closing rate of the Nigerian Foreign Exchange Market. However, in line with the CBN’s commitment to liberalize the […]
FBN Holdings Name Femi Otedola Chairman
January 31, 2024/FBNHoldings Plc FBN Holdings Plc (the Company) has notified the Nigeria Exchange Limited and the investing public that at the meeting of the Board of Directors of the Company held today, Wednesday, January 31, 2024, the Board appointed Mr Olufemi Peter Otedola, CON, as the new Chairman of […]
