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June
3,
2024
The Central Bank of Nigeria has offered reasons for its revocation of the operating licence of Heritage Bank. The explanation was offered by the Acting Director, Corporate Communications, Hakama...
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June
3,
2024
The Central Bank of Nigeria has revoked the banking licence of Heritage Bank Plc, effective immediately. This decision was made due to the bank’s failure to improve its financial performance,...
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May
25,
2024
No fewer than 200 officials of the Central Bank of Nigeria were on Friday relieved of their duties, adding to the long list of ongoing disengagements in the apex bank, Saturday PUNCH reports. This...
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May
15,
2024
The Central Bank of Nigeria has been advised to shelve the idea of issuing pilgrims Basic Travel Allowance (BTA) through payment cards. The advice was given Tuesday by Independent Hajj Reporters in a...
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March
29,
2024
The Director of Banking Services, Central Bank of Nigeria (CBN), Hamisu Abdullahi, highlighted the merit-based selection of Remita to provide an electronic platform essential for facilitating...
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March
20,
2024
The Central Bank of Nigeria has announced that all valid foreign exchange backlogs have now been settled, fulfilling a key pledge of the CBN Governor, Olayemi Cardoso, to process an inherited backlog...
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March
1,
2024
THE Central Bank of Nigeria (CBN) has revoked the operational licenses of 4,173 Bureau De Change (BDC) Operators. The bank’s Acting Director of Corporate Communications, Mrs. Sidi Ali Hakama, in a...
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January
29,
2024
President Bola Tinubu has declared an oil sector shake-up to improve openness in the face of dwindling oil revenue and murky practices at the NNPC. The President has asked the...
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January
14,
2024
The Central Bank of Nigeria is set to transfer some of its departments to the nation’s first capital territory and the country’s economic hub, Lagos State. This was stated in an internal memo...
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December
9,
2023
The Central Bank of Nigeria has warned Nigerians to be wary of counterfeit naira notes in circulation amid reports of currency shortage in the country. In a statement released on...
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December
2,
2023
The Central Bank of Nigeria has directed a “Post no Debit” restriction on all bank accounts without a Bank Verification Number and National Identification Number effective...
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November
26,
2023
Indications emerged on Saturday that the Chief Executive Officers and other top executives of deposit money banks had begun moves to raise fresh capital to bolster their...
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November
15,
2023
The Central Bank of Nigeria, CBN, has said that the old naira banknotes will remain a legal tender. DAILY POST reports that the CBN had introduced the redesign of N200, N500 and N1,000...
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November
12,
2023
The Central Bank of Nigeria (CBN) has vowed to go after currency hoarders and speculators whose activities are allegedly contributing to the depreciation of the naira against major...
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July
25,
2023
A mild drama played out at the Federal High Court, Lagos between operatives of the Department of State Services and officials of Nigeria Correctional Service as they tussled over who keeps...
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July
14,
2023
Today, July 13, 2023, the Department of State Services (DSS) dragged embattled Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele to court. This was revealed in a press...
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June
1,
2023
The Central Bank of Nigeria (CBN) has debunked a report by a national daily that it has devalued the naira to N631 per dollar at the Importers and Exporters’ (I&E) window. A top...
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May
24,
2023
◊ The Central Bank of Nigeria has revoked the operating licenses of 132 Microfinance banks, four primary mortgage banks and three finance companies in Nigeria. The Official Gazette of...
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March
25,
2023
The Central Bank of Nigeria (CBN) has described as fake, the news making the rounds that it has suspended accounts of Fintech companies like OPAY and PALMPAY. CBN’s Acting Director,...
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March
23,
2023
Reliable sources in the CBN said banks have been instructed to collect the old Naira noted they deposited in CBN and that before the end of the week, the country would be awash...
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