Tag: Central Bank of Nigeria
CBN To Nigerian Banks: Tighten Your Sanctions Compliance Framework
The Central Bank of Nigeria has issued a fresh regulatory directive to banks, payment service banks, and fintech companies, warning them to tighten their...
World Bank To CBN: $10.50m Approved For You Is A Grant,...
The World Bank has clarified that the planned $10.50m financing to the Central Bank of Nigeria is a grant, not a loan.
According to a...
We Injected $197.71m Into FX Market To Stabilize It – CBN
The Central Bank of Nigeria has injected $197.71m into the foreign exchange market on Friday, April 4, 2025, as part of its commitment to...
CBN’s Report Reveals How Nigeria’s Net FX Reserves Surged To $23.11bn...
Nigeria’s Net Foreign Exchange Reserves rose significantly to $23.11bn at the end of 2024, marking the highest level in over three years, according to...
CBN Reveals How Banks Disburse ₦470bn Personal Loans
The Central Bank of Nigeria has disclosed that Nigerians secured personal loans amounting to ₦470bn from banks in the last three months of 2024.
The...
Nigerian Governors Join CBN, AGF, SBH Against Kasmal In ₦579.1 Bn...
The company of late Prince Buruji Kashamu (Kasmal) may now be in trouble as Attorney Generals of all 36 States of the Federation have...
As Naira Slides, CBN Plans Fresh Battle Against Forex Speculators
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says the apex bank remains resolute in its commitment to maintaining order in the...
CBN Reports Says Nigeria’s FX Reserves Dropped By $1.3bn In February
Nigeria’s foreign exchange reserves fell by $1.31bn in February 2025, reflecting sustained external pressures amid the recent appreciation of the naira.
Data from the Central...
Fidelity Bank Tipped To Meet Recaptalization Threshold Ahead Of Regulatory Deadline
Foremost financial institution, Fidelity Bank Plc is making impressive strides on its path to fulfilling the recapitalization targets set by the Central Bank of...
Banks’ 19.7 Million Dormant Accounts Now To Be Probed By CBN
The number of dormant bank accounts in Nigeria is over 19.69 million, according to the industry customer account database released by the Nigeria Inter-Bank...
