The Central Bank of Nigeria (CBN) has issued a stern warning to primary mortgage banks (PMBs), development finance institutions (DFIs), and microfinance banks (MFBs) regarding the late submission of regulatory returns. This move comes amidst growing concerns about lax compliance Read more…
The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, sparked concern on Tuesday by revealing that over $26 billion flowed through the cryptocurrency platform Binance in the past year. Cardoso disclosed this information during a press conference following the 293rd Read more…
The proposed regulatory changes by the Central Bank of Nigeria (CBN) are set to spark significant shifts within the Bureau de Change (BDC) industry, potentially forcing consolidation among operators. The CBN, through a draft paper titled “Revised Regulatory And Supervisory Read more…
The Central Bank of Nigeria (CBN) has issued a new circular to commercial banks, introducing stricter regulations on inbound money transfers into the country. This move raises questions about its potential impact on citizens, financial institutions, and the wider economy. Read more…
The Central Bank of Nigeria has assured Nigerians that it has enough cash in circulation. This assurance is coming amid cash scarcity being experienced in some parts of the country. The CBN had earlier attributed the scarcity to the hoarding Read more…
The Presidency has backed plan by the Central Bank of Nigeria (CBN) to increase the capital base of deposit money banks in the country. President Bola Tinubu, in a goodwill message at the 40th anniversary of The Guardian Newspapers in Read more…
The Central Bank of Nigeria (CBN) said that its monetary policy reforms are beginning to have positive effects on the country’s economy. Reacting to the just-released inflation rate for October in a statement issued by the Director of the Corporate Read more…
The Central Bank of Nigeria (CBN) has affirmed that the old N200, N500, and N1,000 notes will continue as legal tender indefinitely. According to a statement by Isa AbdulMumin, CBN’s Director of Corporate Communications titled, “CBN To Allow Old Design Read more…
In response to increasing public apprehension over apparent cash scarcity in Nigeria, the Central Bank of Nigeria (CBN) and its representative Isa AbdulMumin, the Director of Corporate Communications, have taken measures to dispel these concerns. On Thursday, AbdulMumin attributed the Read more…
According to data collected from the Central Bank of Nigeria (CBN), the country’s economy received a total inflow of $10.7 billion in foreign currency for the months of April and May. This information was provided by the CBN in its Read more…
