CBN revokes licenses of seven PSPs, one switch service provider
The Central Bank of Nigeria (CBN) has revoked the licenses of seven Payment Service Providers (PSPs) and one switch service…
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Consumers ‘ll shun luxury items in next few months – CBN
Most Nigerian consumers are not likely to purchase expensive or luxury items in the next 12 months.
The Central Bank Of Nigeria…
Nigerian banks heed CBN directives, migrate to new cheque standards
Nigerian banks are migrating in the New Year, into brand new cheque standards, on the order of the Central Bank of Nigeria (CBN).…
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The Central Bank of Nigeria (CBN) has withdrawn the operating licenses of 42 microfinance banks (MfBs).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…
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…