Tag: CBN

The new provisions take immediate effect, with CBN directing all banks, authorised dealers and other market participants to ensure strict ...

Mr Shettima will devote time to study, reflection, and intellectual renewal as part of efforts to strengthen his capacity for ...

The demand for corporate and secured loans increased during the period.

Businesses in Nigeria identified high or multiple taxation, insecurity and high interest rates as the top three constraints they faced ...

The organisation CPPE said the financing constraints stem from structural market failures rather than a shortage of liquidity, citing high ...

First HoldCo said the move highlights its directors’ confidence in its earnings capacity, enhanced capital position, improving asset quality, diversified ...

The CBN report also stated that aggregate foreign exchange inflows into the economy rose to $109.86 billion in 2025 from ...

The institute and the association explained that the move is aimed at closing the financial gap and empowering more small, ...

The panel asked Mr Ribadu to appear before it on Thursday at 12:00 noon to explain the measures taken after ...

The apex bank said the increase in gross reserves is driven largely by crude oil-related tax receipts and third-party inflows ...

Despite the global shocks, Mr Cardoso said the CBN still intends to deepen and strengthen its policies to contain rising ...

The CBN said the two foreign currency accounts opened for the Presidential Foreign Investment Promotion Council were never activated because ...

CBN Governor said that the committee’s decision is based on a thorough assessment of the economy.

The Supreme Court’s decision comes about 19 months after the Federal High Court in Abuja ordered the final forfeiture of ...

The apex bank said every licensed BDC is free to purchase foreign exchange from any authorised dealer bank of its ...

The committee demanded explanations over deductions from the accounts of UBEC and other agencies, even as the Accountant General defended ...

CBN warned that such action constitutes a violation of the provisions of the CBN Act and undermines confidence in the ...

The witness, a Zenith Bank official, said some of the suspicious transactions linked to Mr Emefiele took place outside the ...

Neighbours reportedly saw four men in plain clothes arrive in an unmarked Mitsubishi Pajero SUV before taking the journalist away.

"Whatever you are doing to Mr Emefiele by way of prosecution ought to have been done to Messrs Buhari, Mustapha ...

In a similar vein, the court held that the Federal High Court and Court of Appeal do not have the ...

The judge also reminded the lawyers of the provisions of the Federal High Court Act encouraging courts to facilitate amicable ...

According to the corporation, the affected banks have ceased to operate as licensed financial institutions and are no longer authorised ...

The court also ordered the former consultant to pay N5 million to the EFCC as the cost of the action.

Speaking at the event, the Deputy Governor for Financial System Stability at the CBN, Lamido Yuguda, said efficient financial intermediation ...