We are working with CBN on proper cryptocurrencies trading regulation – SEC… Oluwadamilare Emmanuel Apr 15, 2021 The Securities and Exchange Commission (SEC) says it is working with the Central Bank of Nigeria (CBN) for better understanding…
Featured Central Bank of Nigeria retains lending rate funsho williams Jan 26, 2021 The Central Bank of Nigeria has retained its benchmark lending rate at 11.5 per cent.
South West Buhari gives marching order to CBN on food importation funsho williams Dec 29, 2020 President Muhammadu Buhari has given a marching order to the Central Bank of Nigeria, CBN, not to give any money for food…
CBN revokes licenses of seven PSPs, one switch service provider Oluwadamilare Emmanuel Dec 25, 2020 The Central Bank of Nigeria (CBN) has revoked the licenses of seven Payment Service Providers (PSPs) and one switch service…
Business Consumers ‘ll shun luxury items in next few months – CBN Oluwadamilare Emmanuel Dec 23, 2020 Most Nigerian consumers are not likely to purchase expensive or luxury items in the next 12 months. The Central Bank Of Nigeria…
Business Nigerian banks heed CBN directives, migrate to new cheque standards Oluwadamilare Emmanuel Dec 21, 2020 Nigerian banks are migrating in the New Year, into brand new cheque standards, on the order of the Central Bank of Nigeria (CBN).…
Business CBN withdraws licences of 42 microfinance banks Oluwadamilare Emmanuel Dec 21, 2020 The Central Bank of Nigeria (CBN) has withdrawn the operating licenses of 42 microfinance banks (MfBs). The affected banks have…
CBN orders banks to close Naira Accounts of IMTOs Oluwadamilare Emmanuel Dec 21, 2020 Deposit Money Banks (DMBs) in the country have been ordered to close all Naira accounts operated by International Money Transfer…
Azimo, Transfer Wise not licensed by us – CBN Oluwadamilare Emmanuel Dec 17, 2020 The Central Bank of Nigeria (CBN) has said it did not license operations of both Azimo and Transfer Wise schemes as International…
CBN relaxes rules on foreign remittances, dom accounts funsho williams Dec 1, 2020 In an apparent move to boost dollar supply into the economy, the Central Bank of Nigeria (CBN) yesterday introduced new rules that…