Central Bank of Nigeria (CBN) has imposed monetary sanctions of N814.3 million (nearly $2 million) on four commercial banks in the country for permitting cryptocurrency transactions,...
Central Bank of Nigeria (CBN) has barred Credit Guarantee Companies (CGCs) from accepting deposits among other things. The apex bank disclosed this Tuesday in its guidelines...
There are indications that banks are widening their interest rate margin apparently to cushion the impact of rising inflation on their operating cost and profitability. This...
Central Bank of Nigeria (CBN) has cut interest rates on all intervention facilities from nine to five per cent per annum. The regulatory forbearance would allow...
Central Bank of Nigeria (CBN) has said that cumulative refund by banks to customers as at December ending 2021 stood at N95.2 billion. This is contained...
Nigerian banks have suspended individual withdrawals with local debit cards abroad and toughened limits on online payments, bankers said on Monday, after the Central Bank of...
Nigerian Communications Commission (NCC), has identified e-fraud as the greatest threat to digital finance. Citing the Central Bank of Nigeria (CBN) report, Efosa Idehen, director, Consumer...
House of Representatives has urged the Central Bank of Nigeria (CBN) to, “in the public interest,” introduce stringent regulations and guidelines, including sanctions, on the Point...
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has denied purchasing aircraft to support a campaign for him to contest the presidency in 2023....
Banks in the country have released more names of forex defaulters in compliance with the directive of the Central Bank of Nigeria (CBN) to publish the...
