The federal government has perfected ways to borrow funds from unclaimed dividends and dormant bank account balances unattended to for at least six years, thanks to...
Central Bank of Nigeria (CBN) injected $4.37 billion into the foreign exchange market in the third quarter of 2020 as part of efforts to ensure the...
Central Bank of Nigeria (CBN) has directed in a circular signed by Musa Jimoh, its director, Payments System Management Department that Mobile Money Operators (MMOs) are...
Central Bank of Nigeria (CBN) has instructed lending institutions to obtain reports of borrowers from credit bureaus as part of their due diligence in granting loans....
Central Bank of Nigeria (CBN), has said that default on loans with collateral worsened in the fourth quarter of 2020. The statistics department of the CBN...
Central Bank of Nigeria (CBN) says it will charge protection fees from investors in its Non-Interest Asset Backed Securities. According to the Nation, one of the...
Central Bank of Nigeria (CBN) has announced the revocation of operating licences of seven payment service providers (PSP), and one switch operator. The apex bank, in...
Central Bank of Nigeria (CBN) has mandated Deposit Money Banks (DMBs) to close all ‘Naira General Ledgers’ used by the lenders to remit naira to Diaspora...
Central Bank of Nigeria (CBN) debited about 23 Deposit Money Banks (DMBs) in the country N349.72 billion towards the end of last week, for failing to...
Nigeria Deposit Insurance Corporation (NDIC) has commenced a verification exercise towards settling the claims of depositors of the recently closed 42 Microfinance Banks (MFBs). This action...
