Tag: CBN

The governorship election is scheduled to take place on Saturday with 17 candidates on the ballot.

In January, the CBN dissolved the boards and management of several major banks, including Keystone Bank, due to non-compliance with ...

The CBN also clarified that any Ways and Means Advances provided must be repaid by the end of the fiscal ...

CBN outlined that acquirers must now route all PoS transactions from merchant and agent locations through a CBN-licensed PTSA.

The CBN instructed each BDC to sell the dollars to eligible customers at a rate not exceeding 1 per cent ...

According to the World Bank, the Nigerian Diaspora of about 1.7 million population remitted $65.34 billion in three years to ...

The former lawmaker received N1,200 as a student loan from the defunct federal government student loan scheme between 1976 and ...

The CBN said the jump was recorded on the back of policy reforms introduced by the apex bank in the ...

PREMIUM TIMES learnt that the EFCC has recovered N3,180,236,254.42 from those indicted in the alleged scam in which Mr Emefiele ...

An index reading above 50.0 points signals an expansion in business activities, whereas a reading below 50.0 points indicates a ...

The reintroduced reports include the Purchasing Managers’ Index (PMI), Business Expectation Survey (BES), Inflation Expectation Report, and other significant macroeconomic ...

The remaining 17.64 per cent of the insured deposits yet to be paid were largely depositors whose accounts have post ...

The disqualified bids, which included $279 million from six banks, were rejected due to various compliance failures, including late submissions ...

In February, the CBN announced that a Deloitte audit found $2.4 billion of the $7 billion FX claims invalid.

The sale conducted on Tuesday highlights the Central Bank’s commitment to stabilising the foreign exchange market and ensuring effective price ...

The CBN said the intervention aims to strengthen Nigeria’s financial system and prevent potential systemic risks.

SERAP is asking the court to “direct and compel the CBN to explain the whereabouts of the allegedly missing outstanding ...

"In fact, most times, they(dormant accounts)are more susceptible to fraudsters copying your identity and trying to gain hold of the ...

The Monetary Policy Rate was increased by 50 basis points (bps) to 27.65 per cent from 26.25 per cent.

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

The CBN will create an "Unclaimed Balances Trust Fund (UBTF) Pool Account" to manage unclaimed balances and establish a committee ...

The transactions were conducted within an exchange rate range of N1,498.00/$1 to N1,530.00/$1.

Mr Cardoso said the recapitalisation in the banking industry would strengthen the financial capacity and stability of the country.

CBN Governor, Olayemi Cardoso The clearance of FX backlogs is a significant step towards meeting Nigeria’s obligations and assuring the ...

The CBN instructed each BDC to sell the dollars to eligible customers at a rate not exceeding 1.5 per cent ...