The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has indicated that the apex bank will maintain high interest rates until inflation eases, […]
Tag: CBN
IMF Recommends CBN to License Cryptocurrency Dealers
The International Monetary Fund (IMF) has advised the Central Bank of Nigeria (CBN) to issue operating licenses or register cryptocurrency dealers. This recommendation is part […]
CBN Expected to Suspend Implementation of Cybersecurity Levy
The Central Bank of Nigeria (CBN) is expected to direct banks to suspend the implementation of the Cybersecurity Levy, which was scheduled to begin on […]
Court Saga: Former CBN Governor Emefiele Accused of Bribery
In the ongoing trial of the former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, a prosecution witness, Victor Onyejiuwa, testified before the […]
CBN Unveils List of Nigeria’s 44 Licensed Banks, Reveals Industry Expansion
The Central Bank of Nigeria (CBN) has disclosed a detailed list of 44 licensed Deposit Money Banks operating across the country. This announcement was made […]
Central Bank of Nigeria Orders Cybersecurity Levy on Transactions
The Central Bank of Nigeria (CBN) has directed all banks operating in the country to begin charging a cybersecurity levy on transactions. According to a […]
CBN’s Ban on Fintechs Sparks Concern Among Bank Customers, Raises Questions on Financial Security
The Central Bank of Nigeria (CBN) has banned mobile money operators, including fintech firms, from onboarding new customers, causing panic among some bank customers. The […]
Suspended CBN Governor Challenges Court’s Jurisdiction in Fraud Case
Godwin Emefiele, the suspended Central Bank of Nigeria (CBN) Governor, has challenged the jurisdiction of an Ikeja Special Offences Court to hear the alleged abuse […]
Ned Nwoko Urges FG, CBN to Address Root Causes of Naira Depreciation
Senator Ned Nwoko of Delta North has cautioned the Federal Government and the Central Bank of Nigeria (CBN) against artificially inflating the Naira’s value. He […]
CBN Boosts Forex Access: BDCs to Sell at N1,036.15 per Dollar!
The Central Bank of Nigeria (CBN) has announced a second intervention this month, allowing licensed Bureau De Change (BDC) operators nationwide to purchase $10,000 each. […]