Money laundering: CBN goes tough; issues stiffer sanctions, warnings
The Central Bank of Nigeria (CBN) has warned money deposit banks and their directors against aiding money launderers to avoid…
Browsing Tag
cbn
CBN injects fresh $210m into forex market
...as Naira exchanges for N360/$1
The Central Bank of Nigeria (CBN) has intervened with another sum of $210m in the foreign…
CBN lends banks N27.6tr in six months – Report
Commercial Banks borrowed N27.46 trillion from the Central Bank of Nigeria (CBN) in six months, data from the apex bank’s half…
Naira exchanges for N362/$1 as CBN injects fresh $339.89m into forex market
The Central Bank of Nigeria (CBN) on Friday sustained its intervention in the Foreign Exchange market by injecting 339.89 million…
Senate screens CBN, MPC nominees
The Senate Monday screened President Muhammadu Buhari’s two nominees for the position of Deputy Governor of the Central Bank of…
Senate begins confirmation of CBN’s MPC nominees
The Senate on Wednesday mandated its Committee on Banking and Finance to begin the process of confirming four presidential…
We’ll flood market with lower naira denominations- CBN
The Central Bank of Nigeria, in a bid to address the acute shortage of lower denomination currencies, on Tuesday commenced an…
Overcharge: Settle customers’ complaints in two weeks – CBN directs banks
The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to settle customers’ complaints on issues of…
6 Banks Meet CBN’s Dividend Pay-out Rule
The Central Bank of Nigeria (CBN) circular on dividend pay-out by commercial banks and discount houses has been analysed based on…
CBN Restricts Dividend Pay-out By Banks
The Central Bank of Nigeria (CBN), has issued new guidelines to all banks including Deposit Money Banks (DMBs) and Discount Houses…