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Nigeria’s first non-interest Islamic financial institution, Jaiz Bank Plc has unfolded plans to meet the new recapitalisation requirement set by Central Bank of Nigeria (CBN), charging that it’s on course …
‘Jaiz Bank’ll be first to meet new CBN’s recapitalisation requirement’ Read More
An economist has said that aggressive tightening measures of the Central Bank of Nigeria (CBN) which manifest in a higher interest rates environment will make fixed income securities more attractive …
CBN aggressive tightening ‘ll make fixed income attractive – Uwaleke Read More
The Central Bank Of Nigeria (CBN) has said that it will sanction any Deposit Money Bank (DMB) and Bureau De Change (BDC) operators in the country who reject old and …
CBN gives fresh directive to banks, BDCs on dollar notes Read More
The Socio-Economic Rights and Accountability Project (SERAP) Sunday asked the Central Bank of Nigeria (CBN) “to account for and explain the whereabouts of the over N100 billion ‘dirty and bad …
SERAP to CBN: Account for missing N100bn dirty notes, other funds Read More
The Central Bank of Nigeria (CBN) has said that it will discontinue the foreign exchange price verification system portal used by importers from next Monday July 1. It also noted …
CBN set to stop importers price verification system next week Read More
Many of us watching Yomi Cardoso the Governor of the Central Bank of Nigeria, CBN, from a distance are guilty of presuming the man was rather harsh with his reformist …
CBN’s decisive strive for banking integrity restoration Read More
Nigerians are now worried that deposit money banks (DMB) have resorted to rationing cash, which could cause cash scarcity like the one experienced early last year; PAUL OKAH reports. The …
Citizens’ angst as banks begin cash rationing Read More
The Central Bank of Nigeria (CBN) says it has no plan to revoke the licences of more Deposit Money Banks (DMBs). The Acting Director, Corporate Communications of the apex bank, …
CBN speaks on ‘revoking licences of more banks’ Read More
The Central Bank of Nigeria (CBN) has again raised the Monetary Policy Rate by 150 basis points to 26.25 Per cent from 24.75 percent. Briefing the press on the outcome …
Breaking: Again, CBN raises interest rate Read MoreThe Central Bank of Nigeria (CBN) has withdrawn the circular it issued to all commercial banks on May 6, 2024, directing them to implement a compulsory withdrawal of 0.05 per …
At last, CBN makes u-turn on cybersecurity levy Read More
The Central Bank of Nigeria (CBN) has published a comprehensive list of licensed Deposit Money Banks operating across the country, providing valuable insights into Nigeria’s dynamic banking sector. The list, …
CBN releases licensed deposit money banks in Nigeria *Full list Read MoreThe Central Bank of Nigeria (CBN) has issued a directive for all banks to implement a 0.5% cybersecurity levy on all electronic transactions to bolster cyber defences. However, in a …
16 banking transactions exempted from cybersecurity levy *Full list Read MoreThe Central Bank of Nigeria (CBN) has issued an order to all banks operating within the country to impose a cybersecurity levy on transactions. In a circular released on Monday, …
CBN’s cybersecurity, other bank’s deductions *Full list Read MoreBanking sector regulator, the Central Bank of Nigeria (CBN) has directed commercial banks in the country to start charging a 0.5% cybersecurity levy on customer transactions. The CBN issued a …
CBN announces new bank levy for customers Read More
The Central Bank of Nigeria (CBN) has denied claims made by crypto media, instining that it did not mandate local banks to freeze accounts associated with unlicensed crypto exchanges. The …
CBN denies reports on crypto account freezing Read MoreThe Central Bank of Nigeria, (CBN), has banned the use of foreign denominated collaterals for naira loans. The CBN however exempted from the ban Eurobonds issued by the Federal Government …
Breaking: CBN announces new measure on foreign currencies for naira loan Read More
President Bola Ahmed Tinubu has thanked Mr. Jim Obazee, former Chief Executive Officer of the Financial Reporting Council of Nigeria (FRC), for his services as the Special Investigator of the …
Tinubu ecstatic as Jim Obazee completes special investigation on CBN Read More
President Bola Ahmed Tinubu has thanked Mr. Jim Obazee, former Chief Executive Officer of the Financial Reporting Council of Nigeria (FRC), for his services as the Special Investigator of the …
Tinubu thanks Jim Obazee for services as CBN special investigator Read More
Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Best Banks Awards 2024, winning the award for the fourth time since 2019. The Bank …
2024: Again, Zenith Bank emerges Nigeria’s Best Bank at global finance awards Read More
The Association of Bureau de Change Operators of Nigeria (ABCON) has reiterated its commitment to maintaining collaboration with the Central Bank of Nigeria (CBN) to ensure that all benefits mutually, preventing …
ABCON reiterates commitment to maintaining collaboration with CBN Read MoreDays after urging Nigerian banks to expedite action on the recapitalisation of their capital base in order to strengthen the financial system, the Central Bank of Nigeria (CBN), Thursday, unveiled new …
Breaking: CBN unveils new minimum capital base for banks Read More
With biting inflation and the unstable forex market which are direct consequences of the hasty policies of the Central Bank of Nigeria (CBN) in recent times, Empowerment for Unemployed Youths …
Restructure CBN for sustainable economic growth, CSO tells Tinubu Read MoreThe Central Bank of Nigeria has raised the monetary policy rate, known as the interest rate, by 200 basis points to per cent from 24.75 per cent as efforts to …
CBN increases interest rate to 24.75% Read More
…Tasks CBN to recover it from commercial banks used for distribution The Senate through its Ad – hoc committee probing issuance of N22.7trillion Ways and Means to the federal government …
Senate goes after defaulters of N1.079trn Anchor Borrowers Loans Read More
The International Monetary Fund (IMF) and the Fitch Ratings have applauded the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) for its decision to hike benchmark lending …
Why CBN’s recent MPC rate decision excites stakeholders’ Read More