CBN Assures That Nigerian Banks Remain Resilient
The attention of the Central Bank of Nigeria (CBN) has been drawn to reports in some media outlets suggesting that ...
Tag: CBN
CBN Suspends Charges on Cash Deposits with Instant Effect
The Central Bank of Nigeria (CBN) has announced the suspension of processing charges on cash deposits by commercial banks nationwide. ...
CBN to Freeze Bank Accounts Without BVN or NIN from April 2024
In a significant move to reinforce financial system stability and enhance Know Your Customer (KYC) protocols, the Central Bank of ...
CBN lifts Ban on 43 Items, Unveils Plans to Provide Solutions to Foreign Exchange Market Pressure
The Central Bank of Nigeria (CBN) is hard at work to find solutions for the ongoing pressure facing Nigeria's currency, ...
Nigerian Banks Boost Private Sector with Record Lending of N54.76 Trillion
In August, deposit money banks in Nigeria achieved an unprecedented lending milestone, reaching a staggering N54.76 trillion. This surge, partly ...
SMEDAN Cautions Business Owners against Fake Loan Offers
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) warns against a fraudulent site falsely advertising loans ranging from ...
Tinubu’s Independence Day Speech Addresses Support for MSMEs amidst other Pivotal Economic Reforms Measures
In the 2023 Independence Day address, President Bola Ahmed Tinubu highlighted the resilience and unity of Nigeria while emphasizing the ...
Small Business Owners Raise Concerns Over Exchange Rate Fluctuations
Small business owners in Nigeria are grappling with the repercussions of exchange rate instability, a concern recently raised by Mr. ...
Flutterwave, Wema Bank, and Kadavra BDC Introduce ‘Swap’: Digital FX Solution for Easy Foreign Exchange Access in Nigeria
Flutterwave, Africa's leading payments technology company, has joined forces with Wema Bank and Kadavra BDC to launch 'Swap', a cutting-edge ...
CBN Ends 25-Month Ban on FX Sales by Bureau De Change Operators to Stabilize FX Market
In a significant move aimed at stabilizing Nigeria's fluctuating foreign exchange (FX) market, the Central Bank of Nigeria (CBN) has ...
