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 […]
Tag: CBN
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. […]
Yahaya Bello: AGF Warns Against Obstruction of EFCC, Vows to Uphold Rule of Law
The Attorney General of the Federation (AGF) and Minister of Justice, Lateef Fagbemi (SAN), has issued a stern warning against any form of obstruction to […]
NIPSS Urges CBN to Aim for 12% Annual GDP Growth
Nigeria’s National Institute for Policy and Strategic Studies (NIPSS) has called on the Central Bank of Nigeria (CBN) to target a 12 percent annual GDP […]
Former CBN Governor Godwin Emefiele Granted N50m Bail in Fraud Case
Justice Rahman Oshodi of the Ikeja Special Offences Court has granted bail of N50 million to former Central Bank of Nigeria (CBN) Governor Godwin Emefiele. […]
CBN Bans Use of Foreign Currencies as Collateral for Naira Loans
The Central Bank of Nigeria took a significant step on Monday to bolster foreign exchange liquidity by issuing a new circular instructing Deposit Money Banks […]