CBN Urges Nigerians to Handle Naira With Pride, Dignity
The Central Bank of Nigeria (CBN) has urged Nigerians, particularly traders and other frequent cash handlers, to treat the naira with care, pride and dignity to prolong the lifespan of…
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CBN
CBN Redeploys 4 Deputy Governors in Major Leadership Reshuffle
The Central Bank of Nigeria (CBN) has announced the redeployment of four deputy governors as part of efforts to strengthen institutional effectiveness and align leadership responsibilities…
CBN Grants National Licences to Opay, Moniepoint, Palmpay, Others
The Central Bank of Nigeria (CBN) has upgraded the operating licences of several leading fintech companies and microfinance banks, including Opay and Moniepoint, granting them…
CBN Plans New ATM Rules as Nigerians Hold N5.4trn Outside Banks
The Central Bank of Nigeria (CBN) has announced plans to introduce new regulations that will require commercial banks to align debit card issuance with their available Automated Teller…
NCC, CBN Set to Launch Refund Framework for Failed Airtime, Data Purchases
The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) have developed a joint framework to resolve consumer complaints arising from failed airtime and data…
CBN lists 28 Nigerian banks barred from opening branches outside the country
The Central Bank of Nigeria (CBN) has released a list of 28 banks that are not authorised to operate outside the country, as the banking sector undergoes an ongoing recapitalisation exercise…
CBN Targets Serial Offenders With Proposed Five-Year Ban on Dud Cheque Issuers
The Central Bank of Nigeria (CBN) has released an exposure draft of its proposed Guidelines on the Treatment of Dud Cheques, introducing stringent penalties—including a five-year ban—for…
CBN Eases Monetary Policy, Cuts Interest Rate to 27%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday reduced the country’s benchmark interest rate, the Monetary Policy Rate (MPR), from 27.5 per cent to 27…
CBN Gov Cardoso Reaffirms Commitment to Stability, Stronger Banks, Investment Growth
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has restated the apex bank’s resolve to sustain macroeconomic stability, strengthen the banking sector, and position…
1,500 BDCs Face Closure After CBN Deadline
Approximately 1,500 Bureau De Change (BDC) operators across Nigeria are at risk of shutting down following the expiration of the Central Bank of Nigeria’s (CBN) recapitalisation deadline on…