CBN classifies inactive 10-year accounts as dormant
The Central Bank of Nigeria has emphasised that only accounts that have been idle for more than ten years can be classed as…
Browsing Tag
cbn
CBN sells another $148m to authorised dealers
The Central Bank of Nigeria (CBN) has sold a total of $148 million to authorized dealers in the Nigerian Foreign Exchange Market…
Alleged Economic Sabotage: Senate invites Dangote, NNPCL, CBN, NIMASA,…
The Senate has announced plans to summon the Central Bank of Nigeria (CBN), Nigeria Port Authority (NPA), Nigerian National…
JUST IN: CBN increase interest rate to 26.75% amid soaring inflation
The Central Bank of Nigeria (CBN) has once again increased the Monetary Policy Rate (MPR) by 50 basis points, raising it from…
Remit funds in unclaimed balances, dormant accounts to us, CBN tells banks
The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to deposit unclaimed balances and funds in…
[EXCLUSIVE] Licence revocation: ‘We’re being stigmatized, living on…
Some staff of the recently liquidated Heritage Bank on Thursday stormed the National Assembly in Abuja to protest delayed payment…
Nigeria’s external reserves could reduce slightly in 2024, says CBN
The Central Bank of Nigeria (CBN) has forecasted a modest decline in Nigeria’s external reserves for 2024.
This projection was…
CBN to sell $20,000 to each BDC operator at ₦1,450/$1
The Central Bank of Nigeria (CBN) has authorized the sale of foreign exchange (FX) to eligible Bureau de Change (BDC)…
Nigeria’s economy will emerge strong- CBN
The Central Bank of Nigeria (CBN) gave Nigerians new hope on Monday, telling them that the economy will recover from its current…
CBN sells $122.67m to 46 authorised dealers
The Central Bank of Nigeria (CBN) has sold approximately $122.67 million to 46 authorized dealers in its effort to promote…