CBN

The Central Bank of Nigeria (CBN) has directed International Money Transfer Operators (IMTOs) to commence remittances pay-out in Naira to beneficiaries, in addition to foreign exchange. It has also directed that the Investors' and…

The House of Representatives has called on the Central Bank of Nigeria (CBN) to temporarily halt the implementation of the directive instructing banks to gather and verify customers’ social media handles.   The decision was made…

Following the hike in price adopted by the Point of Sale operators across Lagos, Ogun, Edo, and other parts of the country, the Central Bank of Nigeria has said it will intervene to resolve issues around the new charges. Commenting…

The Central Bank of Nigeria (CBN) has announced new transaction limits for contactless payments in the country, effective from June 27, 2023. This was made known through a circular signed by Musa Jimoh, the director Payment Systems…

The Central Bank of Nigeria has directed commercial banks across the country to obtain the social media handle, e-mail addresses, telephone numbers, residential addresses of their customers as part of their Know Your Customer, KYC,…

The Central Bank of Nigeria (CBN) has allowed commercial banks to freely trade at any rate. This is one of the latest steps taken by the acting CBN Governor, Folashodun Adebisi Shonubi since the suspension of the CBN Governor. …

Anxiety is gravitating towards a crescendo among microfinance bank customers across the country after the Central Bank of Nigeria, CBN, recently withdrew the licences of 132 microfinance, four primary mortgage banks, and three finance…

The Central Bank of Nigeria (CBN) has announced that the reports making rounds that it has suspended the accounts of some fintech companies like OPAY, Palmpay is fake. According to NAN, the announcement was made known through the…

The monetary policy committee of the Central Bank of Nigeria has voted to raise its monetary policy rate (MPR) to 18% from 17.5%, representing a 50 basis points increase. This was announced by the governor of the central bank,…

Renowned aviation brand, Emirates Airline has ruled out an immediate return to Nigeria until the Central Bank of Nigeria (CBN) makes available 50% of the amount approved for its trapped fund. The airline left the Nigerian business…