CBN Revokes Licences of 46 Microfinance Banks (FULL LIST) The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks (MFBs) across...
CBN Reforms Drive Return of Global Transactions on Naira Cards Nigerian banks are increasingly restoring and expanding international transaction limits on naira-denominated debit cards, a development...
Breaking: CBN Redeploys All Four Deputy Governors in Major Leadership Shake-Up Abuja, Nigeria – The Central Bank of Nigeria (CBN) has announced a major redeployment of its Deputy Governors, assigning...
Rising Inflation Forces CBN to Hold Interest Rate at 26.5% The Central Bank of Nigeria has retained the country’s benchmark interest rate at 26.5 per cent...
CBN Raises Alarm Over Rising Risks In Non-Interest Banking Sector The Central Bank of Nigeria (CBN) has raised fresh concerns over growing risks in the country’s...
NCC, CBN Launch Portal to Track Fraudulent Phone Lines In a major step to combat rising cybercrime, the Nigerian Communications Commission and the Central Bank of...
Court Voids CBN Sack of Union Bank Board, Orders Reinstatement A Federal High Court in Lagos has nullified the decision of the Central Bank of Nigeria...
Recapitalisation: 30 Nigerian banks meet CBN minimum capital requirement The Central Bank of Nigeria (CBN) has announced that 30 Nigerian banks have now met the new...
CBN Mops Up $190 Million to Slow Rapid Naira Appreciation The Central Bank of Nigeria (CBN) last week intervened in the foreign exchange (forex) market, buying...
Appeal Court Orders CBN to Pay N2.5bn to 110 ABU Workers Sacked in 1996 The Court of Appeal has directed the Central Bank of Nigeria (CBN)...