CBN Approves Second Tranche of Forex Sale to BDCs, Tightens Regulations
The Central Bank of Nigeria (CBN) has greenlit a second tranche of foreign exchange (FX) sales to eligible Bureau De ...
Tag: CBN
CBN Supplies N100bn Worth of Fertilizers to Boost Food Production in Nigeria
The Central Bank of Nigeria (CBN) has handed over N100 billion worth of fertilizers to the Federal Ministry of Agriculture ...
CBN Bans Banks, Fintechs From International Money Transfers with a 1,900% Increase in License Application Fee
In a significant move, the Central Bank of Nigeria (CBN) has barred banks and fintechs from participating in international money ...
Central Bank of Nigeria to Tackle Inflation, Exchange Rate Challenges in 2024
In a presentation to the National Assembly joint committee on Banking, Insurance, and Financial Institutions, Olayemi Cardoso, the Governor of ...
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 ...
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 ...
