Tag: Central Bank of Nigeria (CBN)
CBN breaks silence as rumours swirl over Okoya buying Polaris Bank
The recapitalisation exercise referenced in the viral post was part of a broad reform the CBN introduced in March 2024,…
Nigerian Banks raise N4.65trn new capital as CBN concludes recapitalisation programme
CBN said 72.55 per cent of capital was sourced locally and 27.45 per cent from international markets, a development it…
CBN affirms commitment to inflation targeting monetary policy
The deputy governor said that the transition to an inflation-targeting framework marked a significant shift toward a transparent, forward-looking, and…
CBN taken to court over missing N3 trillion
It said the lawsuit followed allegations contained in the latest annual report by the Auditor-General of the Federation, which was…
CBN approves BDCs’ participation in foreign exchange market
The CBN, however, imposed strict compliance and risk-management conditions on the transactions.
How Nigerian Businesses Can Now Pay Taxes More Easily: A Step-by-Step Guide Every Taxpayer Should Know
As Nigeria intensifies efforts to expand its revenue base and improve economic stability, understanding how to pay taxes correctly has…
Why CBN must sustain its reforms on naira recovery – BCAN
The Naira, however, recorded a marginal depreciation of 0.05 per cent on Tuesday, trading at N1,471.08, while it exchanged at…
CBN’s recruitment of 16 directors: A break from the norm
But sadly, in Nigeria, appointments into the CBN are not seen as part of the building block for the country’s…
CBN asked to suspend ATM fee hike pending court verdict
“Implementing the ATM fee hike while the lawsuit on the matter is pending before the Federal High Court would make…
Court restrains CBN, others from withholding Kano LG allocation
A Kano State High Court, on Monday, issued an order of perpetually injunction restraining the Central Bank of Nigeria (CBN)…
Navigating New Forex Trading Guidelines for Nigerian Banks
To ensure compliance with these regulations, all Nigerian banks must take proactive measures to align with the CBN's directives. They would likely…
Nigerian banks resilient despite economic pressures – CBN
CBN Governor, Mr. Yemi Cardoso, disclosed this in Abuja on Tuesday during the presentation of a communiqué from the 298th…
CBN unveils penalties for banks aiding hawking of Naira notes
CBN would engage in “mystery shopping” exercise and periodic “spot checks” on cash distribution and disbursement activities of banks to…
Breaking: More troubles for Fubara as court stops CBN from releasing Rivers’ allocation
The Federal High Court in Abuja has stopped the Central Bank of Nigeria, CBN, from further releasing monthly financial allocations…
CBN sued over failure to account for missing N100bn dirty notes, other public funds
“The CBN also reportedly failed to account for the missing outstanding loan of N1.2 billion [N1,294,453,887.83] granted to the Enugu…