CBN withdraws licences of 42 microfinance banks
The Central Bank of Nigeria (CBN) has withdrawn the operating licenses of 42 microfinance banks (MfBs). The affected banks have…
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CBN orders banks to close Naira Accounts of IMTOs
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
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
In an apparent move to boost dollar supply into the economy, the Central Bank of Nigeria (CBN) yesterday introduced new rules that…
Court okays suit compelling Emefiele to account for COVID-19 donations
Federal High Court in Abuja has granted leave to two groups to apply for judicial review and order of mandamus to compel the…
BREAKING: CBN retains lending rate at 11.5%
The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at 11.5 per cent.
Skills Deficit: Stakeholders Task CBN, NCC to Conduct Fintech Talent Needs…
The Fintech specialists and other stakeholders have tasked the Central Bank of Nigeria (CBN), Nigerian Communications Commission…
We owe CBN more than N4tn, says AMCON
The Asset Management Corporation of Nigeria has said it owes the Central Bank of Nigeria more than N4tn.
CBN gets order to freeze accounts of 20 #EndSARS protesters
The Abuja Division of the Federal High Court has granted the Central Bank of Nigeria, CBN, the nod to freeze accounts of 20…
CBN, SEC approve GTBank holdco structure
Guaranty Trust Bank Plc has obtained the approval-in-principle of the Central Bank of Nigeria (CBN) and Securities and Exchange…