Tag: Central Bank of Nigeria
CBN Reveals How Diaspora Remittances Rose By 61%
The Central Bank of Nigeria has revealed that diaspora remittances processed through International Money Transfer Operators reached $4.22bn between January and October 2024.
This figure...
Mint Note Abuse: CBN Imposes ₦150m Fine On Banks
The Central Bank of Nigeria (CBN) has imposed a ₦150 million penalty per branch on Deposit Money Banks (DMBs) found engaging in the illegal...
As Naira Shortage Worsens, Bank Workers Blame CBN
The Association of Senior Staff of Banks, Insurance, and Financial Institutions has attributed the worsening cash shortage across the country to the Central Bank...
OPay Honoured By CBN For Financial Inclusion Innovation
Nigeria leading financial institution, OPay has been recognised with the prestigious International Financial Inclusion Conference (IFIC) Award for Financial Inclusion Innovation by the Central...
We Are Ready To Unveil Our Redesigned Website On Monday- CBN
The Central Bank of Nigeria is set to unveil its newly redesigned website on Monday.
In a statement on Sunday by the acting Director of...
Hoard, Divert Cash, Get Sanctioned, CBN Threatens Banks
The Central Bank of Nigeria has warned Deposit Money Banks over cash hoarding and diversion, emphasising that such actions will attract stiff penalties.
In a...
Tinubu Reveals How His Govt Attracted $30b investments In 17 Months
President Bola Ahmed Tinubu has reappraised his administration’s reform programmes, saying they have resulted in the country attracting $30b in investments in almost 17...
CBN: How Nigeria’s Oil Imports Crashed By 35% In Q2
Nigeria’s oil imports dropped by 35 per cent in the second quarter of 2024, amounting to $2.79bn, down from $4.31bn in the previous quarter.
This...
All Tools To Battle Inflation Will Be Deployed By CBN –...
Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has affirmed that the Federal Government is prepared to deploy all tools to rein in inflation.
The...
CBN To Nigerians: Old Naira Notes Will Not Expire In December
The Central Bank of Nigeria (CBN) has dismissed reports that the old N200, N500, and N1,000 banknotes will cease to be legal tender by...
