Banks may soon begin to rationalise their operations through staff downsizing and branch closures in a bid to cope with the harsh realities occasioned by the...
A framework for the use of the Quick Response (QR) code for payments in the country has been released by the Central Bank of Nigeria (CBN)....
Central Bank of Nigeria (CBN) has imposed on banks another N600 billion Cash Reserve Ratio (CRR) debit in a bid to combat idle cash in the...
Central Bank of Nigeria (CBN) has said 874 microfinance banks have licences to operate in the country. It listed the names of the MfBs in its...
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...
