The Central Bank of Nigeria (CBN) has moved to calm public concerns, assuring Nigerians that Union Bank Plc remains stable and fully operational. In a statement...
In a landmark decision, a federal high court in Lagos has declared that the Central Bank of Nigeria (CBN) exceeded its authority when it removed the...
The Central Bank of Nigeria (CBN) has directed all international money transfer operators (IMTOs) to open naira settlement accounts and ensure that all remittance transactions are...
The Central Bank of Nigeria (CBN) has been named Central Bank of the Year by Central Banking magazine, following reforms that helped restore stability to Nigeria’s...
The naira recorded a slight appreciation on Tuesday, strengthening to N1,403 per dollar in the parallel market, up from N1,408 per dollar on Monday. In the...
The naira recorded a slight gain on Friday, appreciating to N1,410 per dollar in the parallel market, an improvement from N1,418 per dollar traded on Thursday....
The Central Bank of Nigeria (CBN) has directed commercial banks to restrict loan defaulters, particularly large-ticket obligors, from accessing new credit facilities. A large-ticket obligor refers...
The Monetary Policy Committee of the Central Bank of Nigeria has reduced the country’s benchmark interest rate to 26.5 per cent. This is the second time...
The Bank of Industry has received approval from the Central Bank of Nigeria to operate a Non-Interest Banking window, a move the bank described as a...
The Central Bank of Nigeria has directed banks and non-bank acquirers to take steps that will guarantee smooth and uninterrupted transactions for users of foreign-issued payment...