Tag: Central Bank of Nigeria
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...
Stamp Duty: Court Fixes March 27 For Hearing Of AGF, CBN,...
The Court of Appeal, sitting in Abuja, has fixed 27 March, 2025 for the hearing of an appeal, as regards Stamp Duty, filed by...
FX Market Access For BDCs Extended By CBN To May 2025
The Central Bank of Nigeria (CBN) has extended the temporary window that allows Bureau de Change (BDC) operators to purchase foreign exchange (FX) from...
We Expect Diaspora Remittances To Hit ₦31.787tr – CBN
The Central Bank of Nigeria (CBN) has projected that diaspora remittances are expected to rise to ₦31.7871 trillion when fourth-quarter 2024 figures are released.
The...
CBN Boss Reveals How Outstanding $7bn FX Was Cleared By Tinubu’s...
Governor of the Central Bank of Nigeria, Olayemi Cardoso, announced that the President Bola Tinubu-led Federal Government has cleared the outstanding $7bn foreign exchange...
Union Bank Announces Commencement Of PoS Withdrawal Limit
Foremost financial institution, Union Bank has commenced the implementation of a daily withdrawal limit on point-of-sale (PoS) terminals.
The implementation followed a directive by the...