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In a circular issued on Monday, the Central Bank of Nigeria (CBN) announced that microfinance banks (MFBs) and primary mortgage banks (PMBs) are now exempt from...
Economists and civil society organisations have welcomed President Bola Tinubu’s nomination of a special investigator to investigate the Central Bank of Nigeria, Nigerian National Petroleum Corporation...
Nigeria’s President, Asiwaju Bola Ahmed Tinubu, has appointed Jim Obazee, former chief executive officer of the Financial Reporting Council of Nigeria, as a special investigator. The...
The House of Representatives on Wednesday urged the Central Bank of Nigeria to reinstate the functioning licenses of 47 microfinance institutions nationwide. The call was made in...
The Central Bank of Nigeria has directed banks to vacate a post-no-debit restriction placed on the bank accounts of 440 individuals and companies. A post-no-debit is...
The Central Bank of Nigeria (CBN), has withdrawn the operating licenses of 2,698 Bureau de Change (BDC) operators, and released a list of dealers it approved....
The Central Bank of Nigeria (CBN) has announced the inclusion of the naira, the country’s legal tender, as a payout option for diaspora remittances. The apex...
The Central Bank of Nigeria (CBN) has urged banks and other financial institutions to exercise extra caution when dealing with organizations and people in specific nations....
The Central Bank of Nigeria (CBN) has set daily transaction limits to N50,000 for contactless payment. Contactless payments are a secure and convenient method of making...
The Central Bank of Nigeria (CBN) says cash deposits into domiciliary accounts will not be restricted, and customers “shall have unfettered and unrestricted access to funds...
