CBN Orders Distressed Banks to Stop Paying Dividends to Shareholders and Bonuses to Directors
The Central Bank of Nigeria (CBN) has suspended dividend payments to shareholders and bonuses to directors and senior management staff ...
Tag: Central Bank of Nigeria
CBN Warns Nigerians Against Rising Wave of Fraudulent Financial Offers
The Central Bank of Nigeria (CBN) has once again cautioned Nigerians to beware of fraudsters peddling fake offers of contracts, ...
CBN Grants Operating License to New Firm to Boost MSME Support in Nigeria
The Central Bank of Nigeria (CBN) has granted a finance company license to Preferred Finance Company Limited, empowering the newly ...
Nigerian Banks Begin Enforcement of POS Withdrawal Limits: N100,000 Daily, N500,000 Weekly
Banks across Nigeria have begun implementing new withdrawal limits of N100,000 per day and N500,000 per week on Point-of-Sale (PoS) ...
CBN Restricts Daily POS Transaction for Individuals to N100,000, Cumulative Daily Transaction Limit for Agents to N1,200,000
The Central Bank of Nigeria (CBN) has introduced a daily transaction limit of N100,000 per customer for cash-out transactions conducted ...
CBN to Integrate Mortgage Banks and Microfinance Banks into GSI Platform For Loan Recovery Efficiency
The Central Bank of Nigeria (CBN) has unveiled plans to incorporate Primary Mortgage Banks (PMBs) and Microfinance Banks (MFBs) into ...
CBN Launches Redesigned Website with Enhanced Features
The Central Bank of Nigeria (CBN) has announced the launch of its newly redesigned website, which will go live on ...
CBN Raises Interest Rate To 27.50 Per Cent
The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) to 27.50 per cent from 27.25 per ...
CBN Grants Banks Approval to Trade Idle FX Deposits in Some Dormant Accounts
The Central Bank of Nigeria (CBN) has given the green light to the commercial, merchant, and non-interest banks operating in ...
First Bank Customers to Experience Service Disruptions from October 26 …All You Need to Know and Prepare For
First Bank, one of Nigeria's leading tier-1 banks, has announced its plans to transition to a new cloud-based procurement and ...
