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...
The Central bank of Nigeria has frozen the bank accounts of 19 EndSARS protesters till January 2021. The reason for the 180 days restriction has been...
The Central Bank of Nigeria has opposed a bid that wants it to remove the arabic inscriptions on Naira notes. As reported by Vanguard, the apex...
The Central Bank of Nigeria on Friday said that it has disbursed N3.5 trillion on COVID-19 palliatives. This information was disclosed in a review of the...
The Central Bank of Nigeria says the country’s foreign reserves fell to $35.689bn as of the end of October. The CBN disclosed that the reserves which...
The statistics department of the CBN has disclosed in its ‘Consumer expectations survey’ report for September which was released on Friday, that consumers’ confidence in the...
