Naira Gains 9.3% At Parallel Market Against Dollar (See New Rate)

Naira Gains 9.3% At Parallel Market (See New Rate)

  Nigerian currency, Naira has gained 9.3% as it strengthened to N435 to a dollar at the parallel market yesterday. This is against about N480 to a dollar it had been trading in the past days. However, this showed a gain of N45, representing about 9.3% rise. Currency dealers attributed the development to the planned … Read more

CBN Extends Minimum Capital Requirement Deadlines For MFBs

CBN Extends Minimum Capital Requirement Deadlines For MFBs

Central Bank of Nigeria, CBN, has extended the deadlines for compliance with the revised minimum capital requirements for Microfinance Banks.    CBN has considered the impact of the Covid-19 pandemic on general economic activities to extend the deadlines for compliance with the minimum capital requirements for Microfinance Banks (MFBs) in Nigeria.   CHECK ALSO: 3 Nigerian … Read more

How To Apply For CBN 50B Loan For COVID-19 Intervention

How To Apply For CBN 50B Loan For COVID-19 Intervention

  The Central Bank of Nigeria (CBN) has launched a Covid-19 Intervention loan of N50 Billion to support Nigerians and Businesses, see how to apply.   COVID-19 intervention loan. In line with the ongoing world deadliest pandemic of our time, citing damages and losses suffered by businesses and lockdown has led the Central Bank of … Read more