Tag: Central Bank of Nigeria
As Naira Loses 39%, Manufacturers May Embark On Mass Retrenchment
The naira has depreciated by 38.9 percent against the United States dollar at the official I&E window of the Central Bank of Nigeria in...
You Cannot Carry Out Cash Withdrawals, CBN Tells Crypto Bank Account...
Cash withdrawals will not be possible from accounts opened for virtual and digital assets transactions, the Central Bank of Nigeria has disclosed.
Withdrawals from these...
CBN To Nigerians: The Banking Sector Is Stable, Your Money Is...
The Central Bank of Nigeria has affirmed the safety of funds in Nigerian banks, emphasising the stability of the country’s banking sector.
The apex bank...
Reactions As CBN Lifts Ban On Cryptocurrency Transactions
The Central Bank of Nigeria has changed its stance on crypto assets in the country and asked banks to disregard its earlier ban on...
CBN Investigator Reveals How Emefiele Operated 593 Illegal US, UK, China...
The former Central Bank of Nigeria Governor, Godwin Emefiele, illegally lodged billions of naira in no fewer than 593 bank accounts in the United...
Naira Scarcity: CBN Probes Banks, Point Of Sales Operators
The Central Bank of Nigeria has announced that it is investigating collusion between the banks and Point-of-Sale operators over the lingering cash scarcity in...
Bank Audit Leaders To CBN: Strengthen Fintech Regulations
The Association of Chief Audit Executives of Banks in Nigeria has called for stricter regulations of the fintech space as well as the operations...
CBN Expresses Optimism, Says Inflation, Exchange Rate Will Reduce In 2024
The Central Bank of Nigeria (CBN), has declared in Abuja that rising inflation and exchange rates in the country will drastically reduce in 2024.
The...
More Pressure On Nigerian Banks As Cash Flight Persists
Customers are withdrawing unusually large volumes of cash from Nigerian banks and are depositing less, raising fears in financial circles.
A customer survey at the...
CBN To Nigerians: Fake Naira Notes Are Now In Circulation
The Central Bank of Nigeria has warned Nigerians to be wary of counterfeit naira notes in circulation amid reports of currency shortage in the...
