Central Bank of Nigeria (CBN) has warned banks against harbouring and backing unlicensed foreign firms. CBN said the directive titled “Guidelines for the Regulation of Representative...
Central Bank of Nigeria on Monday authorized foreign banks in the country to work with their parent companies in availing and syndicating foreign currency-denominated loans (dollar...
Central Bank of Nigeria (CBN), has banned representative offices of foreign banks from engaging in banking business in the country. The apex bank also barred the...
Titan Trust Bank Limited is set to acquire the equities of Union Bank of Nigeria (UBN) Plc held minority investors after the Central Bank of Nigeria...
Central Bank of Nigeria (CBN), said that it placed an e-payment ban on the Biometric Verification Number (BVN), of 572 bank customers for fraud related issues....
Mr Niyi Toluwalope, Chief Executive Officer (CEO) of eTranzact, an electronic and mobile payment solution company, says the Nigerian Payment System is among the best in...
Central Bank of Nigeria (CBN) has said that only 57.4 million out of over 200 million Nigerians have Bank Verification Number (BVN). The apex bank had...
Deposit money banks borrowed N1.3 trillion over three days from the Central Bank of Nigeria’s (CBN) standing lending facility to meet their short-term liquidity needs, according...
Central Bank of Nigeria (CBN), said currency in circulation (CIC) in the country rose to N1.68 trillion at the end of March 2023. This was even...
Central Bank of Nigeria (CBN) says it will mop up all dormant account balances and unclaimed balances in banks into a Trust Fund account which will...
