CBN

CBN Bans Banks, Fintechs From International Money Transfer Services, Hikes Application Fee

The Central Bank of Nigeria (CBN) has banned banks and financial technology companies (fintechs) from international money transfer services. The…

10 months ago

CBN orders banks to sell excess dollars in 24 hours

The Central Bank of Nigeria (CBN) on Wednesday,  Jan. 31, imposed limits on how much banks can hold in foreign…

10 months ago

Centre for Social Justice Calls For Resignation Of CBN Governor, Cardoso Over High Foreign Exchange Rate

The Centre for Social Justice, Equity, and Transparency (CESJET) on Friday claimed that the Governor of Central Bank of Nigeria,…

10 months ago

CBN appoints new executives for Union, Keystone and Polaris Banks after sacking boards and management

The Central Bank of Nigeria (CBN) has appointed new executives for Union, Keystone and Polaris Banks following the dissolution of…

11 months ago

CBN disburses $61.64mn to Airlines to boost Naira valuation

The Central Bank of Nigeria (CBN) has injected approximately US $61.64 million into the hands of foreign airlines operating in…

11 months ago

CBN explains why there is ‘Naira scarcity’

The Central Bank of Nigeria (CBN) has explained the reasons behind the scarcity of naira notes in the country.  …

12 months ago

CBN Liquidates 20 Nigerian Banks (Full List)

The Nigeria Deposit Insurance Corporation (NDIC) has paid N1.39 billion to 36,163 depositors of 110 closed microfinance banks and three…

1 year ago

Court orders “immediate and unconditional” release of ex-CBN Gov. Emefiele

The High Court of Justice in the Federal Capital Territory (FCT) has ordered the immediate and unconditional release of the…

1 year ago

Nigerians Seeking Application To Foreign Schools Spent $340million Between January And June – CBN

The Central Bank of Nigeria (CBN) has stated that Nigerians aspiring to secure admission to foreign universities spent about $340.84…

1 year ago

How CBN Released Inaccurate, False Financial Reports For Seven Years Under Buhari

The Central Bank of Nigeria has been discovered to release audited financial account reports (spanning 2016 to 2022) which alleged…

1 year ago