CBN

In a shocking move that has sent shockwaves through Nigeria's financial sector, the Central Bank of Nigeria (CBN) announced today that it has revoked the banking license of Heritage Bank Plc with immediate effect. The apex bank…

The Association of Corporate & Marketing Communication Professionals of Banks (ACAMB) has said that commercial banks across the country have the capabilities to meet the recent recapitalization directives of the Central Bank of…

Commercial banks across the country have requested that the Central Bank of Nigeria (CBN) give clear directives on how to handle retained earnings in the recapitalisation of banks. This request came as implementation commences in a…

The Central Bank of Nigeria (CBN) has issued a directive to banks to restrict over 70 million accounts without Bank Verification Numbers and National Identification Numbers, effective from March 1, 2024. This was revealed in a…

Brand owners under the aegis, the Lagos Chamber of Commerce and Industry (LCCI) and other business stakeholders including the presidential candidate of the Labour Party (LP) in the last presidential elections, Peter Obi have kicked…

Access Holdings Plc has gotten an approval-in-principle from Central Bank of Nigeria (CBN) to establish an Oxygen X Finance Company Limited, a consumer lending subsidiary. This was made known in a company notice on the Nigerian…

Following the dissolution of the Board and management of Union Bank, Keystone Bank and Polaris Bank, the Central Bank of Nigeria has announced the appointment of new executives for the banks. The dissolution became necessary due…

The Central Bank of Nigeria (CBN) has said it has disbursed approximately US $61.64 million to foreign airlines through various banks recently. Mrs. Hakama Sidi Ali, the Acting Director of the Corporate Communications Department…

The Nigeria Data Protection Commission (NDPC) has formed a joint committee with the Central Bank of Nigeria to review the regulation mandating financial institutions to obtain personal information on social media handles, among…

The Central Bank of Nigeria (CBN) has threatened to punish banks engaging in illegal sales of forex. While disclosing the information during a lecture titled “Diaspora Remittances and Nigerian Economic Development”, in Abuja the…