Tag: CBN
Stop rejecting lower Dollar bills, CBN warns banks, BDCs
The Central Bank of Nigeria (CBN) has issued a warning to Deposit Money Banks (DMBs) and authorised forex dealers, advising them against ...CBN reforms increases diaspora remittances by $172m in one month – Analysis
The Central Bank of Nigeria has reported a $172m increase in direct remittances in one month. The latest CBN data analysed by ...CBN revokes Heritage Bank’s licence over decreasing financial performance
The Central Bank of Nigeria (CBN) has revoked the banking licence of Heritage Bank Plc, over the bank’s failure to improve its ...CBN links forex volatility to seasonal demands, targets double foreign inflows
The Central Bank of Nigeria (CBN) has attributed the instability in the foreign exchange market to “seasonal demands”. CBN Governor, Olayemi Cardoso, ...Amid soaring inflation levels, CBN raises interest rate to 26.25 %
The Central Bank of Nigeria (CBN) has raised the interest rate by 150 basis points from 24.75 per cent to 26. 25 ...CBN withdraws circular on cybersecurity levy
The Central Bank of Nigeria has retracted its directive asking banks and payment service providers to collect and remit the cybersecurity levy ...Suspend charges on deposits till September, CBN directs banks
The Central Bank of Nigeria (CBN) has instructed deposit money banks and other financial institutions to halt the processing fees on deposits ...Everything you need to know about CBN’s new Cybersecurity levy
The Central Bank of Nigeria just issued an order to all banks operating within the country to impose a cybersecurity levy on ...CBN stops Opay, Palmpay, Moniepoint, Kuda from registering more customers
The Central Bank of Nigeria has ban four mobile money and fintech firms from registering more customers. The directive spread panic among ...CBN not using foreign reserves to defend naira, says Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says the country is not using its foreign reserves to defend the ...
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