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CBN Dissolves First Bank Board, Appoints Replacement
The Central Bank of Nigeria, CBN, has approved the appointment of Tunde Hassan-Odukale and Remi Babalola as chairmen of First Bank of Nigeria Limited, (FBN)
CBN To Freeze Account Of 194 BDC Operators
The Central Bank of Nigeria (CBN) is set to freeze 194 bank accounts owned by Bureaux de Change firms and other organisations so as to
CBN Set To Cut Wheat Importation By 60%
Under its new import substitution program, the Central Bank of Nigeria (CBN) is set to reduce the importation of wheat by 60 percent over the
CBN Introduces N6.98 Service Charge For USSD Banking Transactions
The Central Bank of Nigeria (CBN) has introduced a new policy imposing ₦6.98 service charge on Nigerians for all USSD transactions. Customers will pay a
CBN New Policy Proposes N5 Rebate For Every Dollar Remitted
The Central Bank of Nigeria has introduced a rebate of N5 for every $1 of fund remitted to Nigeria, through International Money Transfer Organisations in
CBN To Increase Agric Sector Loan By 10%
Central Bank of Nigeria (CBN) is set to increase banking sector credit to agric sector from the current 4% to 10 per cent by 2024.
CBN Backs Govt. Decision To Sell National Assets
The Central Bank of Nigeria (CBN) has thrown its weight behind the federal government’s decision to sell its least valued assets and use funds from
Ban On Cryptocurrency Meant To Protect Nigerians – CBN
The Central Bank of Nigeria (CBN), has stated that its directive to banks to ban cryptocurrency transactions was to protect other Nigerians involved in transparent
IMF Backs CBN On Cryptocurrency Ban
The International Monetary Fund (IMF) has backed the recent directive of the Central Bank of Nigeria (CBN) to financial institutions to ban transactions with cryptocurrency.
Senate Summons CBN, SEC Over Ban On Cryptocurrencies
The Senate has summoned the Governor of Central Bank, Godwin Emefiele, and Securities Exchange Commission for an explanation for the recent ban on Cryptocurrency operations
