The Central Bank of Nigeria (CBN) has warned that it will impose severe penalties on banks failing to address the ongoing cash scarcity at automated teller...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has further raised interest rate by 25 basis points to 27.50 per cent from...
Central Bank of Nigeria (CBN) has clarified that it neither provides correspondent banking services for Nigerian banks in foreign payments nor maintains accounts for private business...
The Nigeria Deposit Insurance Corporation, NDIC, has commenced a national auction of landed properties and physical assets belonging to the defunct Heritage Bank. Bashir Nuhu, Director...
The Central Bank of Nigeria (CBN) has authorized banks to trade with foreign currency deposits made under its new amnesty initiative, the “Disclosure Scheme.” This directive,...
The Senate on Tuesday at plenary passed a bill to strengthen the capacity of the Nigeria Deposit Insurance Corporation’s(NDIC) to safeguard depositors fund and strengthen financial...
The Federal Competition and Consumer Protection Commission has issued a stern warning to banks in Nigeria regarding ongoing disruptions to online banking services that have impacted...
First Bank has announced plans to transition to a new cloud-based procurement and financial platform as part of its ongoing strategy to improve operational efficiency and...
The Central Bank of Nigeria says the N200, N500, and N1,000 banknotes will still remain valid after December 31, 2024. The spokesperson of CBN, Sidi Ali...
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said that the apex bank does not determine the foreign exchange rate. The CBN...