Tag: Central Bank of Nigeria
New Stability Measure: CBN Halts Dividends, Bonuses For Select Banks
The Central Bank of Nigeria (CBN) has introduced temporary restrictions on the payment of dividends and bonuses by a small group of banks as...
CBN Reveals How Debt Servicing Gulped ₦696bn In January
The Federal Government’s precarious fiscal position worsened in January 2025 as debt servicing obligations exceeded total retained revenue by a wide margin, data from...
Relief As NDIC Begins Payment Of ₦46bn To Defunct Heritage Bank...
The Nigeria Deposit Insurance Corporation has started payment of ₦46.6 billion in liquidation dividends to depositors of the defunct Heritage Bank.
This was contained in...
Report Says Currency In Circulation Has Dropped To ₦5tn
The total amount of naira in circulation decreased to ₦5tn as of March 2025, marking a decline from ₦5.04tn recorded in February 2025.
This represents...
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...
