Business
CBN Issues N150m Penalty For Banks Supporting Mint Naira Supply To Hawkers
The Central Bank of Nigeria (CBN) says banks facilitating illicit flow of mint naira notes will face N150 million fine per branch. In a circular […]
cbn
Business
CBN Reforms Support Strong, Resilient African Financial Architecture-Cardoso
The governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says the bank’s reforms align with efforts to establish a stronger and more resilient […]
Business
CBN To Penalise Banks Rejecting Mutilated Naira Notes
The Central Bank of Nigeria (CBN) has threatened to penalise deposit money banks (DMBs) that reject mutilated naira notes. In a statement on Thursday signed […]
Business
CBN Raises Commercial Banks Capital Base To N500billion
The Central Bank of Nigeria has raised the capital basis of commercial banks with international authorisation to N500 billion and national banks to N200 billion. […]
Business
CBN Limits Dollar Purchase From BDCs
…$10k for school fees, $5k for medical bills The Central Bank of Nigeria (CBN) has placed limits on the foreign exchange (FX) sales by Bureau […]
Business
Economic Hardship: CPPE Asks CBN To Peg Customs Duty At N1000 Per Dollar
The Centre for the Promotion of Private Enterprise (CPPE) has urged the Central Bank of Nigeria (CBN) to peg the customs duty exchange rate at […]
News
$6.2m Fraud’: FG Writes Interpol, Declares Three CBN Staff Wanted For ‘Forging Buhari’s Signature’
The special investigator appointed by President Bola Tinubu has asked the international criminal police organisation (Interpol) to place three suspects on its watchlist over an […]
Business
We Are Ready To Assist EFCC In Forex Investigation, Dangote Group Says
The Dangote Group has expressed readiness to assist the Economic and Financial Crimes Commission (EFCC) in its investigations, following the commission’s visit to the company’s […]
Business
CBN Lifts Ban On Cryptocurrency Transactions, Issues Guidelines
The Central Bank of Nigeria (CBN) has issued operational guidelines on virtual assets service providers (VASPs) to all banks and other financial institutions (OFIs). Released […]
News
Naira Scarcity: CBN To Sanction Banks Found ‘Colluding’ With PoS Operators
As scarcity of Naira continues to bite harder in some parts of the country, the Central Bank of Nigeria (CBN) has threatened to sanction any […]