The CBN has advised all Deposit Money Banks (DMBs) accredited Cheque Printers/Personalised, and the Nigeria Interbank Settlement System (NIBSS), to enlighten their customers on the revised...
The Central Bank of Nigeria (CBN) gave support loans amounting to N2.8 trillion to the Federal Government in 2020. This follows the Government’s failure to meet...
The central Bank of Nigeria has fixed N2 billion as minimum capital base for Mobile Money Operators (MMOs) in the country. This was disclosed in a circular...
The Central Bank of Nigeria (CBN) has said the naira will begin recovery against the dollar and other global currencies from February 2021. This was contained...
The Central Bank of Nigeria (CBN) says it will investigate the scarcity of funds experienced by customers in most Automated Teller Machines (ATMs) in Lagos State....
The Central Bank of Nigeria (CBN) has revoked the operating licences of 42 microfinance banks. The Nigeria Deposit Insurance Corporation made the announcement late, friday. “This is...
The Central Bank of Nigeria (CBN) has directed payment switching and processing companies to stop local currency transfer of diaspora remittances received through International Money Transfer...
International Money Transfer Operators have been directed by the Central Bank of Nigeria to deposit diaspora remittances into the accounts of the beneficiaries, while banks will...
The Central Bank of Nigeria has asked Justice Ahmed Mohammed of a Federal High Court in Abuja not to unfreeze the accounts of #EndSARS campaigners because they...
The Central Bank of Nigeria, CBN, on Monday, announced that beneficiaries of diaspora remittances through the international monetary transfer operators (IMTO) shall now operate such inflows...
The Governor of Central Bank, Mr Godwin Emefiele, has projected that Nigeria could exit recession by the first quarter of 2021. He also projected a GDP...
The Lagos Chamber of Commerce and Industry has said that the Central Bank of Nigeria’s policy on foreign exchange is not credible enough to attract the...