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The Central Bank of Nigeria (CBN) has issued a stern warning to banks imposing withdrawal limits below N20,000 per transaction, declaring that such actions violate its...
The Central Bank of Nigeria (CBN) has announced the introduction of the Non-Resident Nigerian Ordinary Account (NRNOA) and Non-Resident Nigerian Investment Account (NRNIA), which it said,...
–Shakeup Elicits Panic There is a massive management shake up at the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) on the order of...
-Warns Dealers Of Breaking Rules The Central Bank on Friday warned forex authorized dealers to ensure forex purchase from apex bank is used exclusively for trade...
The sack gale at the nation’s apex bank, the Central Bank of Nigeria (CBN) has continued over the weekend, with over 200 staff laid off; a...
The Central Bank of Nigeria (CBN) has issued its approved guidelines to regulate the activities of Bureau de Change (BDC) operators in the country. In its...
To consolidate on gains derived from previous tightenings , Central Bank on Tuesday, raised the lending rate by 150 basis points. The fresh hike by the...
The Central Bank of Nigeria (CBN) has been criticized for imposing a 0.5 per cent Cybersecurity Levy (CSL) on all electronic transfers effective May 20, 2024....
The Central Bank of Nigeria (CBN) has directed deposit money banks in the country to start charging 0.5% cybersecurity levy on transactions. This was contained in...
Following the Central Bank of Nigeria (CBN) directive imposing a temporary ban on mobile money operators including prominent fintech firms from onboarding new customers, some bank...
-Approves N200bn As Capital Base For Banks With National License, Regional Banks N50bn -Gives 24 Months Deadline For Recapitalisation Days after urging Nigerian banks to expedite...
The Central Bank of Nigeria has again, upped the Monetary Policy Rate ( MPR) to 24.75 per cent by unanimous decision of all 12 members of...
The House of Representatives Wednesday ordered an investigation into the $2.4bn worth of forward contracts canceled by the Central Bank of Nigeria recently. The resolution is...
The Central Bank of Nigeria, CBN has raised its benchmark interest rate, the Monetary Policy Rate MPR to 22.75 per cent. This represents 400 basis points...
The Central Bank of Nigeria has announced its decision to sell foreign exchange worth $20,000 to each eligible Bureau De Change operator across the country. This...