Tag: Central Bank of Nigeria (CBN)
Experts laud CBN over planned recapitalisation of banks
“In addition, they need to recapitalise a little bit so that they can be in strong fittings in case of…
New CBN governor targets $1trn GDP growth in 8 years
Efforts were on-going to refocus the CBN for overall economic growth, adding that the government would identify fiscal reforms and…
Senate screens CBN governor, deputy nominees
The Senate will screen all the nominees following its resumption from its annual recess.
ICYMI: BDCs now to render mandatory daily reports to CBN or lose licences
The circular signed by Dr. O.S. Nnaji, director trade and exchange department also capped foreign currency transactions carried out by…
Experts preach caution as CBN holds first MPC meeting under Tinubu
“I expect the MPC to reduce the rates this time so that banks can reduce their lending rates in order…
CBN sued over unlawful regulations on customers’ social media handles
“Article 19 of the International Covenant on Civil and Political Rights and Article 9 of the African Charter on Human…
Why CBN should eliminate loan sharks – expert
“The MfBs are better positioned to offer such service, and I’ll urge the CBN to empower the MfBs to be…
Stakeholders decry CBN’s directive on social media presence
According to the top bank's Customer Due Diligence Regulations 2023 report, the order aims to boost the battle against financial…
What CBN should do on exploitative bank charges – Expert
The CBN warned that any financial institution that breached any of the provisions as contained in the guide will pay…
BREAKING: CBN floats naira at investors’ forex window
“Hence, banks and customers are allowed to trade freely at any rate subject to N1 spread between buy and sell…
Central Bank of Nigeria in the last decade
Only in Nigeria will a CBN Governor (Godwin Emefiele) still remain in office and be campaigning to be President of…
CBN revokes 132 microfinance banks’ licences (Full List)
According to the apex bank, the financial institutions "failed to fulfil or comply with the conditions subject to which their…
CBN disowns recruitment portal
“The fraudulent website lists requirements for eligibility to include, among other qualifications, the possession of a Bank Verification Number (BVN)."
CBN denies suspending fintech companies’ accounts
According to the apex bank, both online platforms (OPAY, Palmpay) are licensed under the CBN mobile payment regulatory framework.
Naira crunch: Reps want online banking system overhauled
“Worried that if nothing is done by the CBN to address these difficulties or ineffectiveness, Nigerians will continue to suffer…
Just In: CBN bows to S/Court, declares old naira notes legal tender
CBN declared on Monday that the old N200, N500 and N1000 banknotes remain legal tender alongside the redesigned banknotes till…
Obey Supreme Court order, Gov. Diri tells CBN
He urged the CBN to clarify the validity of the old Naira notes being reissued by banks after the Supreme…
CBN, NNPC playing “Hide And Seek Game” – Coalition
Awa Bamiji also described the flagrant disobedience of the Supreme Court Order by the CBN and Federal Government as very…
Naira Notes: 2 shot dead as protests rock Ibadan, Warri and Benin
Commuters are stranded as protesters block the ever-busy Lagos-Ibadan expressway.
Tinubu: I have nothing against CBN over Naira notes
The former two-term Lagos state governor noted that he was only concerned about its disruptive implementation and the hardship it…
CBN reacts to news of printing materials shortage
“The attention of the Central Bank of Nigeria has been drawn to a misleading report misquoting the Governor, Mr Godwin…
Cash Crunch: ‘Bear with CBN’, Peter Obi urges Nigerians
According to the former governor of Anambra state, currency redesign, which caused the scarcity of Naira, is not new to…
New notes: CBN meets commercial banks in Gombe
“The meeting is in furtherance of our engagement that we have been having with the banks so as to smoothen…
‘Why CBN Governor Emefiele must resign now’
Group asks CBN Governor, Godwin Emefiele, to resign over his performance when he appeared before House of Representatives committee.
Naira swap deadline: Reps push for Emefiele’s arrest for breaking CBN Act
According to Doguwa, the extension is a "political gimmick" designed to deceive Nigerians and worsen their economic and social conditions.
Breaking: CBN bows to pressure, extends Naira notes change deadline
The CBN governor had initially vowed to stick to the 31 January deadline for the exchange of old naira notes…
New notes scarcity: Anambra residents adopt cashless method
As a result of these challenges faced by the people in accessing the new naira notes, the residents have tried…
CBN issues N120m new notes to agents in Katsina
“And the agents are supposed to collect from the banks N500,000 per week to disburse in their Communities. We know…
Cash swap: CBN deploys 200 agents in Jigawa
“Within Jigawa state, we have about 200 agents engaged because we’ve noticed that in rural areas, we have unbanked communities…
Amid scarcity of new Naira notes CBN claims massive supplies
Emefiele advised citizens to deposit their old notes at any commercial bank and obtain new ones as soon as possible,…