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A prosecution witness in the alleged N7.8 billion fraud trial of Godwin Emefiele has told the Federal Capital Territory (FCT) high court that he deposited billions...
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks (MFBs), citing their failure to meet regulatory requirements for continued operation....
The Central Bank of Nigeria (CBN) has directed all International Money Transfer Operators (IMTOs) to open naira settlement accounts and route all remittance transactions through them....
Vice-President Kashim Shettima says the naira would have appreciated to N1,000 per dollar in weeks if the Central Bank of Nigeria (CBN) had not intervened in...
Nigeria’s foreign exchange (FX) reserves rose to $46 billion on January 22, representing the highest in about eight years. The current record is the highest since...
First HoldCo Plc (“FirstHoldCo” or “the Group”) has announced that its commercial banking subsidiary, First Bank of Nigeria (FirstBank), has successfully met the Central Bank of...
The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), has launched the non-resident bank verification number (NRBVN) platform to ease...
The Central Bank of Nigeria (CBN) has dismissed as false a report claiming it has introduced new N5,000 and N10,000 banknotes. In a statement posted on...
The Central Bank of Nigeria (CBN) has introduced a daily withdrawal limit of N100,000 per customer for point-of-sale (PoS) terminals. In a circular sent to all...
The Central Bank of Nigeria is reportedly preparing to retire around 1,000 employees as part of a strategic workforce realignment. A severance package valued at over...
