The Central Bank of Nigeria (CBN) has refuted allegations that it is contemplating the revocation of operating licences for Fidelity,…
CBN Denies Plans to Revocate Licenses of Unity Bank, Polaris Bank, and Keystone Bank
The Central Bank of Nigeria (CBN) has denied reports that it plans to revoke the licenses of Unity Bank, Polaris…
CBN Revokes Heritage Bank’s License Over Financial Instability
The Central Bank of Nigeria (CBN) has announced the immediate revocation of Heritage Bank Plc’s banking license due to the…
CBN Reportedly Axes 200 Staff Amid Economic Hardship
Reports indicate that the Central Bank of Nigeria has laid off 200 staff members due to economic challenges. A senior…
CBN Mandates Reapplication for Bureau De Change Licenses
The Central Bank of Nigeria (CBN) has directed all existing Bureau De Change (BDC) operators to reapply for new licenses…
CBN revises guidelines for Bureau De Change operators
The Central Bank of Nigeria has updated its regulatory guidelines for Bureau De Change operators. After consulting with stakeholders, the…
CBN hikes interest rate by 150 basis points to 26.25%
The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has increased the benchmark interest rate by 150 basis points…
FULL LIST: CBN publishes list of licensed Deposit Money Banks
The Central Bank of Nigeria has released a comprehensive list of licensed Deposit Money Banks operating within the country. The…
Former CBN Director Accuses Ex-Governor Emefiele of Bribery
John Ayoh, a former Director of Information Technology at the Central Bank of Nigeria, alleged on Monday that he collected…
Businessman drags Moniepoint MFB to CBN, EFCC over N700m account restriction
A businessman, known as AIS_Savita on an X post on Tuesday, lodged a complaint against Moniepoint Microfinance Bank, alleging the…