Author name: InfomediaNG

The Infomediang Team comprises a group of researchers, data analysts, and financial experts who closely follow government policies and spending. Our passion lies in empowering people to make informed decisions about their investments by simplifying data for easy understanding. Find us @infomedia_ng on X.

Olayemi Cardoso of CBN

CBN Revokes Operational Licenses of 4,173 BDCs

The Central Bank  of Nigeria (CBN) has revoked the operational licensed of 4,173 Bureau de Change (BDC) operators in the country as the cleansing of the FX market continues under Yemi Cardoso. There are over five thousand foreign exchange traders in Nigeria. In a press release Friday signed by Acting Director of Corporate Communications, Mrs. […]

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40 Ridiculous Business Names Used By BDC Operators in Nigeria

Some of the licensed Bureau De Change (BDC) operators in Nigeria use unbelievable and ridiculous names to obtain operating licenses from Nigeria’s apex bank, a list on the website of the Central Bank of Nigeria has revealed. Among the funny business names used by the operators include Deadlist BDC LTD, Ephesians-three-twenty BDC LTD, and Deep

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senate_national_assembly_nigeria

Oronsaye Report: List of Affected Agencies and Commissions If The Recommendations Are Fully Implemented

Highlight of the Oronsaye report and recommendations The Federal Executive Council (FEC) led by President Bola Tinubu on Monday, February 26, 2024, directed that the recommendations of the Steve Oronsaye panel on the restructuring and rationalization of Federal agencies, parastatals and commissions should be fully implemented. The panel was set up by the administration of

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Understanding the ITIL Service Lifecycle

Service Transition Phase of the ITIL Service Lifecycle

The IT Infrastructure Library (ITIL) framework stands as a cornerstone in IT service management, offering a structured approach to managing IT services that align with business needs. Among its various phases, the Service Transition phase plays a pivotal role in ensuring the seamless movement of services from the development stage to operational deployment. This blog

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Reasons To Vote Asiwaju Bola Tinubu in 2023 Election

From Jonathan To Tinubu: Timeline of The Oronsaye Report

Twelve years after The Steve Oronsaye Panel submitted its report on restructuring and rationalizing Federal government parastatal and agencies aimed at cutting down on the cost of governance in Nigeria, President Bola Tinubu gave a nod to the implementation of the report on Monday, February 26, 2024. A committee that will execute the report has been

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Dollar to Naira exchange rate Nigeria

EFCC Officials Raid Abuja Dollar Market With Gun In A Bid To Rescue Naira from Further Fall

The operatives of the Economic and Financial Crimes Commission (EFCC) on Monday, February 19, 2024, resorted to using firearms in their attempt to salvage the Nigerian currency from total collapse. Watch video: They had stormed the Abuja Zone 4 market, popular for foreign exchange trading, and started shooting sporadically at Bureau De Change operators in an attempt to

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How To Obtain Osun State Certificate of Origin Online

Osun State has begun the digitized issuance of state and local government certificates of origin. The announcement was made by Governor Ademola Adeleke on Wednesday, February 14, 2024, in an update about what his administration is doing in the area of Ease of Doing Business. With this development, it is now easy for Osun State

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CAC business registration

CAC Plans To Make 300,000 Unregistered Opay Agents Legal Entities

The Corporate Affairs Commission (CAC), a government agency responsible for business registration, is collaborating with Opay Services Ltd, a financial technology company, to help 300,000 unregistered businesses become legal entities. This partnership aims to bring Opay agents into compliance with regulations and provide them with the benefits of formal recognition. The Registrar-General and CEO of CAC,

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CBN Removes ±2.5% Cap Spread On FX Transactions Among Banks

The Central Bank of Nigeria (CBN) is bringing another twist to Nigeria’s foreign exchange market by removing  ±2.5% cap spread on interbank FX transactions. The latest announcement overrides the initial practice when there was ±2.5% cap spread on FX transactions. The apex bank noted that the removal of spread would enhance a market-based price discovery

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