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166 stories tagged cbn.
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The naira was trading at N545 to the dollar on the parallel market at the weekend, maintaining its strongest level since early September 2021. The local currency exchanges at N411.59 to the dollar at the official…
Barely three days after its launch, CBN newly introduced eNaira Wallet application has been removed from Google Play However, the app is currently available on the Apple app store with 2.6 over 5 ratings. The digital…
The Economic and Financial Crimes Commission (EFCC) has withdrawn its suit seeking the forfeiture of N20billion bailout funds granted to the Kogi State Government by a new generation bank. The money, which was meant for…
Banks have started to onboard the e-Naira feature on their applications. In its latest update, the Guaranty Trust World app has integrated a e-Naira feature. However, when opened, the bank said, “Kindly note that you…
Online foreign exchange rate website, abokiFX, which is currently under investigation by the Central Bank of Nigeria (CBN), says it will temporarily suspend rates on all its platforms, to find clarity on the situation.…
The Federal Government has said that it will shut down the operations of Aboki FX, a website providing currency exchange information, which the bank described as an illegal and criminal platform. The Governor of the…
Following the reaction from some Nigerians of the failure of the Central Bank of Nigeria (CBN) to sanction violators of the Nigeria’s currency, the Nigeria apex bank said it has no power to take such action. In July,…
The Central Bank of Nigeria has stopped the sales of forex to the Bureau De Change operators in the country with immediate effect. The CBN Governor, Godwin Emefiele, disclosed this after the Monetary Policy Committee’s…
Anonymous has shut down the website of CBN as it intensifies its attack on the Nigerian government over #EndSARS. The hacker collective took down the website of the Nigerian government banker at 8:41 p.m., according to…
The tech ecosystem has continued to show financial support for #EndSARS as the protest continues globally and one of them is Flutterwave, payment gateway provider. However, reports have emerged that the Central Bank of…
Central Bank of Nigeria, CBN, has extended the deadlines for compliance with the revised minimum capital requirements for Microfinance Banks. CBN has considered the impact of the Covid-19 pandemic on general economic…
Barring any last-minute change in plans, the disbursement of the first tranche of the Central Bank of Nigeria N50bn targeted credit facility would begin on Thursday. The fund, which is being managed by the NIRSAL…
The Central Bank of Nigeria on Sunday has admitted the audio revealed by Sahara Reporters as regards the conversation that transpired among Godwin Emefiele, Edward Adamu, Dayo Arowosegbe and Emmanuel Ukeji. The audio…
President Muhammadu Buhari has nominated governor of the Central Bank of Nigeria (CBN), Godwin Emefiele for a second term in office. A letter for the tenure renewal was signed by Buhari on Wednesday and has now been…
Access Bank and Diamond bank are expected to complete a merger within the first half of 2019 as the Central Bank of Nigeria (CBN) has no objection to the potential merger of the two banks. According to the boards of the…
Vice President Yemi Osinbajo once again lambasted the Jonathan administration and claimed that it made even the central bank of Nigeria broke for two weeks. Osinbajo said he was taken aback, on assumption of office, at…
The naira on Tuesday closed at N363.32 to the dollar at the investors’ window while market turnover at the window stood at 51.14 million dollars, the News Agency of Nigeria (NAN) reports. At the official CBN window, the…
The Nigerian Senate has called on the Central Bank of Nigeria (CBN) to suspend the ATM card maintenance charges being deducted from customers. This resolution came as part of a motion on the illicit and excessive bank…
The Central Bank of Nigeria has warned party-goers against spraying money in events because anyone caught will be sentenced to imprisonment. Isaac Okorafor, spokesman of the CBN, stated this after a meeting of the…
The Central Bank of Nigeria, CBN has revealed Nigeria might be near to recession again. CBN Governor Godwin Emefiele told reporters at the end of the Monetary Policy Committee (MPC) meeting in Abuja that MPC members…
