Estimated Reading Time: 1The CBN has secured approval from President Muhammadu Buhari to restructure the Nigeria Commodity Exchange. CBN Governor Godwin Emefiele made this known in...
Estimated Reading Time: 1The CBN has advised all Deposit Money Banks (DMBs) accredited Cheque Printers/Personalised, and the Nigeria Interbank Settlement System (NIBSS), to enlighten their customers...
Estimated Reading Time: 2The Central Bank of Nigeria (CBN) gave support loans amounting to N2.8 trillion to the Federal Government in 2020. This follows the Government’s...
Estimated Reading Time: 1The central Bank of Nigeria has fixed N2 billion as minimum capital base for Mobile Money Operators (MMOs) in the country. This was disclosed...
Estimated Reading Time: 2The Central Bank of Nigeria (CBN) has said the naira will begin recovery against the dollar and other global currencies from February 2021....
Estimated Reading Time: 1The Central Bank of Nigeria (CBN) says it will investigate the scarcity of funds experienced by customers in most Automated Teller Machines (ATMs)...
Estimated Reading Time: 2The Central Bank of Nigeria (CBN) has revoked the operating licences of 42 microfinance banks. The Nigeria Deposit Insurance Corporation made the announcement late,...
Estimated Reading Time: 2The Central Bank of Nigeria (CBN) has directed payment switching and processing companies to stop local currency transfer of diaspora remittances received through...
Estimated Reading Time: 1International Money Transfer Operators have been directed by the Central Bank of Nigeria to deposit diaspora remittances into the accounts of the beneficiaries,...
Estimated Reading Time: 2The Central Bank of Nigeria has asked Justice Ahmed Mohammed of a Federal High Court in Abuja not to unfreeze the accounts of...