As the Central Bank of Nigeria (CBN) continues to adopt a tightening stance to curb rising inflation in the country,…
Foreign remittances surge to $600m
The Central Bank of Nigeria (CBN) facilitated the remittance of approximately $600 million through International Money Transfer Operators (IMTOs) in…
CBN to unveil revamped website soon – Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has revealed that the bank is currently working to launch…
Court summons CBN gov over detained Binance executive
A Federal High Court in Abuja has summoned the Governor of the Central Bank of Nigeria and the Head of…
SEC to license cryptocurrency firms
THE Securities Exchange Commission (SEC) says it plans to license providers of virtual assets — including cryptocurrencies — to tap…
CBN sued over failure to ‘account for missing N100bn dirty notes, other public funds’
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) “over the failure…
CBN announces fresh guidelines on dormant accounts, unclaimed balances in Nigerian banks
The Central Bank of Nigeria, CBN, has directed all banks and other financial institutions in the country to transfer all…
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 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…
Bank recapitalisation: CBN moves to check illicit funds, partners security agencies
The Central Bank of Nigeria (CBN) is set to closely oversee the recapitalization efforts within the Nigerian banking sector, in…