Money
Bureau de Change operators seek CBN approval for mergers to create new N350m capital base
BDC Operators said they do not want the industry to be recapitalized; rather, they wants numerous (at least 10) Bureaux De Change operators to consolidate.
From N35m to N350m: BDCs urge CBN to approve mergers, increase in capital requirement
The association of money changers in Nigeria, BDC is trying to get its members to enter into a merger according to a document provided by Aminu Gwadabe
Fidelity Bank buys Union Bank UK, takes on Zenith, UBA, Access, GTB, first bank for market share
Fidelity Bank has finally completed the acquisition of Union Bank UK, a subsidiary of the Union Bank of Nigeria, and has received approval from the UK government
CBN sends message to Western Union, other IMTOs as naira’s crashes at official, Black FX markets
The Central Bank of Nigeria has moved to sanction international money transfer operators (IMTOs) for floating its latest foreign exchange guidelines.
Bureau de Change operator explains why naira sells for N950 per dollar
The parallel foreign exchange (FX) market saw the naira sell at N950 per dollar and bought at N940 per dollar leaving operators with a profit margin of N10 a dollar
Apply now! DBN is giving out N150bn to 120,000 small businesses in Nigeria
This year, Development Bank of Nigeria (DBN) is giving out N150 billion to 12,000 Micro, Small, and Medium-Sized Enterprises (MSMEs) in the nation
“Dial *326*”: Full list of Nigerian banks' USSD codes to lock accounts after losing phone, ATM card
The Central Bank of Nigeria's cashless policy will be fully implemented soon and more Nigerians would be forced to rely mainly on electronic transactions.
FG announces special interventions to help 1.3m MSMEs in 17 States, FCT grow their businesses
The Federal government of Nigeria has announced plans to help Micro, Small, and Medium Enterprises (MSMEs) across 17 states and Federal Capital Territory (FCT).
Dangote makes N71bn in 24 hours, maintains strong position among top 100 richest in the world
Aliko Dangote, President of Dangote Industries Plc has earned a whopping N71 billion in the last 24 hours to maintain his position among the world's top 100.
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