The Central Bank of Nigeria (CBN) has sounded the alarm on cybersecurity, urging banks to invest heavily in safeguarding depositors’ savings from hackers. Speaking at the...
The Central Bank of Nigeria (CBN) has assured Nigerians about the safety of all monies deposited in financial institutions across the country. The apex bank in...
The Central Bank of Nigeria (CBN) on Monday admitted that the increase in the interest rate to 27.25% was “painful” for borrowers. The apex bank however...
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, said at the weekend the apex bank introduced the Electronic Foreign Exchange Matching System (EFEMS)...
The Central Bank of Nigeria (CBN) has announced the introduction of an electronic foreign exchange matching system (EFEMS) to curb forex speculation and instil transparency in...
President Bola Tinubu has hailed what he said is the disciplined approach adopted by the Central Bank of Nigeria (CBN) to monetary policy management which he...
The Central Bank of Nigeria (CBN) on Friday announced an extension of the suspension of cash deposit processing fees in a move aimed at providing respite...
The Central Bank of Nigeria (CBN) has approved another sale of foreign exchange to eligible Bureau De Change (BDC) operators at N1,590 per dollar to meet...
The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has again raised the interest rate by 50 basis points to 27.25 percent. This is the...
The Central Bank of Nigeria (CBN) has denied reintroducing the controversial cybersecurity levy that was previously suspended. The denial was contained in a statement titled “Clarification...
The Nigeria Governors’ Forum (NGF) has explained how its members are adopting strategies designed to their states’ agricultural strengths and vulnerabilities. In a document by its...
The Central Bank of Nigeria (CBN) has promised continued support to the Federal Government through ways and means advances. However, such will not be more than...
The Central Bank of Nigeria has issued a 30 days ultimatum to Payment Service Providers (PSPs) in the country to adhere to the revised routing instructions...
In a bid to stabilize the Nigerian naira, the Central Bank of Nigeria (CBN) has announced the sale of dollars to Bureau De Change (BDC) operators....
The Central Bank of Nigeria has raised the Standing Deposit Facility (SDF) rates as part of its continuous attempts to control liquidity in the banking sector....
The Central Bank of Nigeria (CBN) on Tuesday confirmed $553 million in remittance inflows to the country for July. The CBN’s Acting Director of Corporate Communications,...
The Central Bank of Nigeria (CBN) has attracted the ire of a lawyer and Senior Advocate of Nigeria (SAN) over its comment around a petition accusing...
In a bid to reaffirm its commitment to fostering transparency and accountability in the Nigerian economic ecosystem, the Central Bank of Nigeria (CBN) has reintroduced the...
The Central Bank of Nigeria (CBN) has issued a new directive requiring foreign investors to provide concrete evidence of their investment transactions before they can repatriate...
The Central Bank of Nigeria has disclosed that capital importation and diaspora remittances have boosted the net foreign exchange flows into the country which has increased...
The Central Bank of Nigeria (CBN) has reportedly launched an investigation into Ecobank Nigeria (ENG) and Ecobank Transnational Inc. Specialized Resolutions Company (ETISRC) following a petition...
Following the reintroduction of the Retail Dutch Auction and a bid to reduce the demand pressure in the foreign exchange (FX) market and promote price discovery,...
The Central Bank of Nigeria (CBN) has approved the merger between Unity Bank and the Providus Bank Limited. The CBN’s acting Director of Corporate Communications, Hakama...
The Central Bank of Nigeria (CBN) has unveiled plans to create a dedicated office to manage dormant accounts and unclaimed balances. This was contained in a...
The Central Bank of Nigeria (CBN) has intervened in the foreign exchange market, injecting a sum of $148 million into the system. This move comes amidst...
In a move aimed at curbing rising inflation, the Central Bank of Nigeria (CBN) has raised its benchmark interest rate, the Monetary Policy Rate (MPR), to...
Ahead of Tuesday’s Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN), the Centre for the Promotion of Private Enterprise (CPPE) has asked...
The Central Bank of Nigeria (CBN) has issued a fresh directive to banks and financial institutions operating in Nigeria about dormant accounts. In the new directives,...
In a bid to meet the demand for foreign exchange transactions, the Central Bank of Nigeria (CBN) has approved the sale of foreign exchange (FX) to...
A Federal High Court in Lagos yesterday dismissed a suit praying for the Arabic inscriptions on Naira notes be removed. Justice Yellin Bogoro declared that the...
The Central Bank of Nigeria (CBN) has sold $122.67 million to 46 authorised Bureau De Change (BDC) dealers in the country. This was in line with...
Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN) has underscored the importance of transparency and trust in regaining confidence from international markets and foreign...
The House of Representatives has resolved to probe the N1.12 trillion anchor borrowers scheme coordinated by the Central Bank of Nigeria (CBN). Also included in the...
Aliko Dangote, Chairman and CEO of the Dangote Group, on Tuesday, vehemently criticized the Central Bank of Nigeria’s (CBN) recent decision to raise interest rates to...
The Socio-Economic Rights and Accountability Project (SERAP) has called on the Governor of the Central Bank of Nigeria (CBN) Mr. Olayemi Cardoso “to account for and...
In a bid at deepen the foreign exchange market, boost liquidity and attain convergence in the exchange rates, the Central Bank of Nigeria (CBN) has given...
In a bid to enhance local currency liquidity for the settlement of diaspora remittances, the Central Bank of Nigeria (CBN) has granted eligible international money transfer...
The Central Bank of Nigeria (CBN) has dismissed rumors of plans to revoke the operating licenses of Fidelity, Wema, Polaris, and Unity Banks. According to the...
The Central Bank of Nigeria (CBN) has lifted the freeze order on the bank accounts of Belfour Oil and Gas Limited and about 139 others, This...
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, said on Tuesday that mobile money operators including OPay, Palmpay, Kuda Bank, and Moniepoint would...
The Central Bank of Nigeria (CBN) has raised the interest rate to 26.2 percent. The CBN governor, Yemi Cardoso, announced this at the end of the...
The Central Bank of Nigeria (CBN) has withdrawn its earlier circular directing banks to implement a controversial 0.5% cybersecurity levy on electronic transactions. The apex bank’s...
Remittances from Nigerians in Diaspora dropped by $18.9 million in the first quarter of this year. The Central Bank of Nigeria (CBN) revealed this in its...
Olayemi Cardoso, the Governor of the Central Bank of Nigeria, has disclosed that members of the Monetary Policy Committee (MPC) will do whatever is necessary” to...
The Federal Government spent $1.12 billion on foreign debt service payments in the first quarter of 2024. This brought to the fore the growing burden of...
The Corporate Affairs Commission (CAC) has directed banks in the country to ensure compliance with the Central Bank of Nigeria (CBN)’s order on compulsory registration of...
Members of the House of Representatives, on Thursday, directed the Central Bank of Nigeria (CBN) to withdraw the circular directing financial institutions to commence implementation of...
The Nigeria Labour Congress (NLC) has rejected the 0.5 (0.005) percent Cybersecurity Levy on electronic transfers introduced by the Central Bank of Nigeria (CBN). The CBN...
In a bid to protect the businesses of Fintech’s customers and strengthening the economy, the Central Bank Of Nigeria (CBN) has issued a July 7, 2024...
The Socio-Economic Rights and Accountability Project (SERAP) has issued a warning to the Federal Government to reverse the 0.5 per cent cybersecurity levy imposed by the...
