The Central Bank of Nigeria (CBN) has revoked the licence of 20 Bureau De Change (BDC) companies for foreign exchange malpractice. The Central Bank Governor, Lamido Sanusi, disclosed this at Ikoyi Club 75th Anniversary Lecture held in Lagos on Thursday. Mr. Sanusi, who declined to mention the names of the […]
Tag: Central Bank
Nigeria central bank cracks down on money laundering
* Forex dealers to be monitored more closely * Money laundering putting pressure on naira currency * Political corruption partly responsible – central bank Nigeria’s central bank has announced new measures to tackle money laundering it says is weakening the naira currency and risks pushing up inflation, and […]
Nigeria’s Central Bank Retains Rate at 12%
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Central Bank Tuesday retained its Interest Rate at 12 percent (12%) as part of the decisions taken at its Communiqué No. 91 of the Monetary Policy Committee (MPC) Meeting of Monday and Tuesday September 23 and 24, 2013. At the MPC meeting, it took […]
