BREAKING: CBN Upbeat, Raises Interest Benchmark To 26.25%
The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has raised the interest rate benchmark for the third time since Olayemi Cardoso became governor, […]
CBN
CBN’s Cybersecurity Levy Heartless, Unacceptable, Say Northern Groups
The Coalition of Northern Groups (CNG) has vehemently opposed the proposed imposition of a 0.5% cybersecurity levy on every electronic transaction in the Nigerian banking […]
CBN releases list of licensed Deposit Money Banks in Nigeria
The Central Bank of Nigeria has released a list containing 44 licensed deposit money banks in the country. This disclosure was made through a list […]
New CBN Capital: 25 Banks Need N3.89trn Fresh Funds To Meet Requirements
Based on the recent capital requirements issued by the Central Bank of Nigeria (CBN) for commercial, non-interest, and merchant banks on Thursday night, 25 banks […]
Merger looms as CBN raises capital requirements for banks in Nigeria
Bank mergers are on the horizon as the Central Bank of Nigeria (CBN) has increased the minimum capital thresholds for banks. The CBN announced this […]
FX crisis: Don’t sell above N1,269 per dollar – CBN orders BDCs
The Central Bank of Nigeria (CBN) has allocated $10,000 to Bureau De Change (BDC) operators at an exchange rate of N1,251 per United States dollar, […]
CBN Governor Cardoso reportedly sacks CBN directors employed by Emefiele
Reportedly, Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), is contemplating the dismissal or retirement of eight directors who were employed during […]
BVN, NIN requirement: CBN keeps mum as deadline expires
The Central Bank of Nigeria has kept mum as the deadline for banks to restrict customers’ accounts without a Bank Verification Number or National Identity […]
Again, CBN Hikes Import Duty Rate To N1,493.23/$1
Less than a day after reducing the rate, the Central Bank of Nigeria (CBN) increased the exchange rate used for calculating Customs duties at the […]
BREAKING: Buhari’s signature forged to withdraw $6.2b from CBN, says ex-SGF Mustapha
Former Secretary to the Government of the Federation (SGF), Boss Mustapha has said the signature of ex-President Muhammadu Buhari was forged by those who withdrew […]