Some banks with international authorisation have a capital adequacy ratio below the regulatory threshold, according to Central Bank of Nigeria (CBN). The banking regulator disclosed this...
The Central Bank of Nigeria has directed a “Post no Debit” restriction on all bank accounts without a Bank Verification Number and National Identification Number effective...
Central Bank of Nigeria (CBN) has mandated commercial and merchant banks to begin debiting various loan defaulters as it seeks to build back a better financial...
Central Bank of Nigeria (CBN) has extended the use of old Naira notes indefinitely and beyond the December 31, 2023 deadline set by the Supreme Court....
MTN Group, Pan-African mobile operator has disclosed that discussions are ongoing regarding the potential “orderly exit” of its operations in Guinea-Bissau, Guinea-Conakry and Liberia. MTN currently...
A bill to create the position of Chairman of the Board of the Central Bank of Nigeria (CBN), separate from the position of the governor, scaled...
Central Bank of Nigeria (CBN) on Wednesday reiterated that all denominations of banknotes issued by the apex bank remain legal tender across the country and as...
Central Bank of Nigeria (CBN) imposed an N12m fine on Access Bank Plc for infringement on employment rules and customer delay. This was disclosed in the...
Central Bank of Nigeria (CBN) has assured Nigerians that it has a sufficient supply of currency notes on hand and refuted rumours of cash shortages in...
Nigeria Deposit Insurance Corporation (NDIC), has said that over N120.532 billion liquidation claims has been paid to 545,269 depositors, creditors and shareholders of failed financial institutions...
