Tag: BOFIA

Some banks proposed dividends, but the Central Bank of Nigeria (CBN) withheld approval for some of those dividends to enforce ...

The court nullified the entire regulatory intervention, including capitalisation process carried out by the CBN-appointed interim board.

The affected institutions failed to meet the minimum paid-up capital requirements for their banking licence categories

The bank said only the BDCs listed on its website were authorised to buy and sell foreign currency.

Governor Sani revealed that over 2.5 million accounts have already been opened, and nearly seven million citizens have registered for ...

The development follows months of uncertainty for customers who held large balances at the lender before its abrupt closure.

The bank cited incidents of banks facilitating the illicit flow of mint Naira notes through direct actions or inactions.

The CBN guidelines, therefore, reduced dormancy period of account from six years of inactivity to 10 years with no customer ...

The CBN announced the revocation of the licence of Heritage Bank on Monday.

The CBN said it took the action to strengthen public confidence in Nigeria's banking system.

CBN says shell banks, apart from being used for money laundering, distort the banking system and might pose a problem ...

The guidelines stipulate what is required to operate a MRC The Central Bank of Nigeria has released a regulatory and ...

The CBN accused the discount house of serial abuses.