The Central Bank of Nigeria (CBN) has appointed 16 new directors across key departments in a major leadership restructuring. The appointments span crucial areas, including Monetary Policy, Trade and Exchange, Banking Supervision,... Read more »
The Central Bank of Nigeria (CBN) says it has stopped the payment of personal and business travel allowances (PTA/BTA) by banks in the country. This is part of the apex bank measure... Read more »
At least four persons were killed on Tuesday when rampaging armed robbers, suspected to be hired assassins, attacked a supermarket in Nigeria’s federal capital territory, Abuja. Among those killed during the attack on... Read more »
The Central Bank of Nigeria (CBN) has announced its intention to prosecute forex defaulters nationwide following an independent forensic review conducted by a reputable firm to investigate forex exchange issues in the... Read more »
The Nigeria Football Federation (NFF) is yet to receive monies meant for the payment of Super Eagles’ bonuses and allowances at the ongoing 2023 Africa Cup of Nations, SCORENigeria reports. Recall that... Read more »
The Central Bank of Nigeria (CBN) has announced the stoppage of granting loans through its Ways and Means advances to the federal government. The CBN Governor, Olayemi Cardoso, made the disclosure on... Read more »
In an interview with Arise Television on Monday, the Governor of the Central Bank of Nigeria, Olayemi Cardoso, explained that the proposed relocation of departments and staff to other branches was a... Read more »
Olayemi Cardoso, governor of the Central Bank of (CBN) has said it uncovered invalid foreign overdue claims totalling $2.4 billion, which have pressured the naira for long and spooked the currency market.... Read more »
The Central Bank of Nigeria (CBN) has refuted claims of any intention to convert $30 billion domiciliary deposits into naira. There had been reports that in a bid to rescue the naira,... Read more »
The Central Bank of Nigeria (CBN) has prohibited banks and fintech companies from engaging in international money transfer services. This directive, outlined in the revised guidelines for International Money Transfer Operators (IMTOs),... Read more »
To fulfill its commitment to eliminating the backlog of matured foreign exchange in Deposit Money Banks (DMBs), the Central Bank of Nigeria (CBN) has disbursed approximately $61.64 million to foreign airlines through various banks.... Read more »
The Central Bank of Nigeria (CBN) has assured depositors of the safety of their funds in Nigerian banks, reiterating the health of deposit money banks in the country. The apex bank, in... Read more »
Former Secretary to the Government of the Federation, Boss Mustapha, vehemently refutes accusations of his involvement in the alleged illegal withdrawal of $6.3 million from the Central Bank of Nigeria (CBN) during... Read more »
The Central Bank of Nigeria has reconsidered its stance on the prohibition of cryptocurrency transactions in the country. The apex bank said on Friday that it had changed its stance on crypto... Read more »
The Central Bank of Nigeria (CBN) has changed its stance on crypto assets in the country and asked banks to disregard its earlier ban on crypto transactions. This is according to a... Read more »
The Central Bank of Nigeria, CBN, has announced a stop to new loan applications under its development finance intervention funds scheme. The suspension signals a dramatic shift in the central bank’s stance... Read more »
The Central Bank of Nigeria, CBN, has suspended charges on cash deposits above the regulatory limits of N500,000 for individuals and N3,000,000 for corporate account holders. The new directive is coming against... Read more »
The Central Bank of Nigeria, CBN, on Friday alerted banks and Nigerians to beware of counterfeit bank notes, especially higher denominations now spent in food markets and other commercial hubs in the... Read more »
The Central Bank of Nigeria (CBN) is gearing up to unveil its N123 billion power intervention project in May 2024, pending any unforeseen changes. In August 2022, the CBN greenlit a substantial... Read more »
Economic stakeholders are advocating for the Central Bank of Nigeria, CBN to consider extending the deadline for implementing its recent directives to banks, requiring customers to link their Bank Verification Number (BVN)... Read more »