Standard N100 note remains legal tender – CBN
The Central Bank of Nigeria has reaffirmed that the standard ₦100 banknote remains legal tender and must be accepted for all…
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CBN issues guidelines on payment obligations involving troubled banks
The Central Bank of Nigeria (CBN) has issued new guidance limiting the suspension of payment obligations involving troubled banks…
[FULL LIST] CBN revokes licences of 46 microfinance banks
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks across the country.
In a…
Kano Emir accuses National Assembly of failing to enforce CBN borrowing…
The Emir of Kano, Muhammadu Sanusi II, has faulted the National Assembly for allegedly failing to uphold its constitutional…
CBN orders terror-linked assets frozen
The Central Bank of Nigeria has directed banks and all financial institutions to immediately freeze the accounts, transactions and…
CBN issues directives to banks, PSPs on storage, management of payment…
The Central Bank of Nigeria (CBN) has directed banks and payment service providers (PSPs) to store and manage payment transaction…
Reps committee recovers ₦521.77m VAT from CBN
The House of Representatives Public Accounts Committee has successfully recovered ₦521.77 million in unpaid Value Added Tax (VAT)…
“Cash should no longer be king,” CBN launches initiative to…
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said the apex bank is targeting 95 percent financial inclusion…
BREAKING: No rate cut as CBN retains 26.5% interest rate
Nigeria’s apex bank has left the country’s benchmark interest rate unchanged at 26.5 per cent following the conclusion of the…
CBN introduces fresh forex framework aimed enhancing liquidit
The Central Bank of Nigeria on Friday introduced the fourth edition of its Foreign Exchange Manual, with the updated framework set…