Tag: CBN

The EFCC interviewed those linked to the withdrawal of the funds, the witness said, adding that documents authenticating the release ...

The CBN's reform record over the past two years is, by any serious comparative measure, extraordinary.

The Bank further urged Nigerians to only rely on information on its official website and recognized media outlets, and to ...

The MoU was signed as NCC and CBN inaugurated a Joint Committee on Payment Systems and Consumer Protection and a ...

Experts raised security concerns that Nigeria lacks AI-specific standards to address threats such as fraud, disinformation, data poisoning, and automated ...

The organisation advised that Nigeria’s fiscal policy must treat increased oil revenues as a temporary surge and avoid over spending ...

The court also sentenced the convict to 10 years' imprisonment for paying N20,000 in tax to Boko Haram contrary to ...

Today marks the 10th anniversary of the Panama Papers series, which began running on 3 April 2016.

With over 96% compliance, the association applauded the disciplined execution of the exercise by all financial institutions and commended the ...

Zenith Bank opposed Petrocam's request and the court fixed a date for ruling.

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

Mr Cardoso also emphasized the essence of interconnected financial systems and collaboration among African banks’ regulators to safeguard stability and ...

The judge imposed a N500,000 fine on EFCC after the former CBN governor Godwin Emefiele’s corruption trial stalled on Tuesday.

Before his appointment to the CBN, Mr Bello had built a long career in development finance and public sector banking.

The directive takes effect immediately, according to a letter by the regulator to all banks, issued on Thursday.

“Yes, I know him as a parent. He has children in my institution. He has four children at the American ...

“The evidence shows revenue is rising, capital projects are ongoing, debt growth is largely accounting and exchange-rate driven, and monetary ...

"As of 6 March, the recapitalisation exercise is progressing steadily. 30 banks have met the new minimum capital requirements applicable ...

The committee advocated for legislation that would explicitly place fintech operations under the supervision of the CBN.

The directive followed concerns over incomplete documentation as lawmakers seek to ensure full remittance of export proceeds.

While telecom and agent groups say a dedicated regulator will end fragmented oversight, fintech operators warn it could duplicate the ...

The CBN governor stated that the foreign reserve position highlights the CBN’s ongoing reforms and external sector adjustments.

Mr Cardoso explained that at $50.45 billion, Nigeria gross external reserves provide an import cover of 9.68 months for goods ...

"Gross external reserves rose significantly to $50.45 billion as of February 16, 2026, the highest in 13 years. This provides ...

The CBN governor says diaspora remittances now average $600 million monthly, with reforms aimed at raising inflows to $1 billion ...