Following the refusal of Governor Siminalayi Fubara to represent the 2024 budget to the state House of Assembly, a Federal High Court in Abuja has ordered the Central Bank of Nigeria (CBN) to stop the […]
The onboarding restrictions of new customers placed on Opay, Palmpay, Kuda, Paga and Moniepoint has been lifted by the Central Bank of Nigeria (CBN). Opay, which disclosed the information on its official X handle, said […]
Following the revocation of banking license of Heritage Bank by the Central Bank of Nigeria, CBN, its customers have been assured of repayment within one week. The Managing Director of the Nigerian Deposit Insurance Corporation, […]
Following the directive from President Bola Tinubu, the Central Bank of Nigeria (CBN) has withdrawn its earlier circular enforcing the enforcement of the national cybersecurity levy. The CBN on May 6, 2024, issued a circular […]
The Nigeria Labour Congress (NLC) has kicked against the Central Bank of Nigeria (CBN)’s planned cybersecurity levy. The labour union described the levy as another burden on Nigerians. According to a circular issued to various […]
The Central Bank of Nigeria (CBN) has prohibited the use of foreign currency (FCY) as collateral for naira loans. This directive contained in a circular by the Acting Director of the Banking Supervision Department, Adetona […]
The Central Bank of Nigeria (CBN) has asked the Nigerian Customs Service (NCS) to adopt the same forex rate from the importation of goods to its clearance in the country. The directive was contained in […]
The Governor of the Central Bank, Yemi Cardoso has said that the measures taken so far by the apex bank to stabilize foreign exchange rates have started yielding positive results. He noted that these measures […]
The Central Bank of Nigeria (CBN) has expressed readiness to hold its first Monetary Policy Committee meeting under the new governor, Olayemi Cardoso. The meeting will hold between 26 and 27 February, 2024. The announcement follows […]
The investigation into the sleaze in the Ministry of Humanitarian Affairs and Poverty Alleviation deepened on Wednesday with the EFCC investigators quizzing several top civil servants linked to the scandals. The ICPC recovered N50bn from […]
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