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 »
The Central Bank of Nigeria, CBN, has issued a fresh directive to all banks and Nigerians regarding accepting old and redesigned Naira notes. CBN issued the directive on Wednesday in a statement... Read more »