Commercial banks vow to implement CBN directive on forex defaulters

Banks are set to implement the Central Bank of Nigeria’s directive to publish the names and…

Apex bank refutes Adeola’s allegation on 80% operational surpluses

The Central Bank of Nigeria has denied the allegation that it failed to remit 80 per…

CBN confirms Nwanisobi as Director Corporate Communications, make other appointments

The Central Bank of Nigeria has confirmed the appointment of Mr. Osita Nwanisobi as the Director,…

Cyber-attacks: CBN releases framework to protect financial institutions

The Central Bank of Nigeria on Tuesday released a framework to protect Other Financial Institutions (OFIs)…

Apex bank attributes depreciation in Naira’s value to Covid-19

The Central Bank of Nigeria has said that the depreciation in the value of the Naira…

Nigeria’s foreign reserves decline to $33.58bn

The foreign exchange reserves in Nigeria have started declining again after rising to $33.59 billion, the…

CBN disburses N3bn to 7,057 beneficiaries under youth investment funds

The Central Bank of Nigeria said it had disbursed a total of N3 billion to 7,057…

CBN applies regulatory framework to curb disruptive competition for e-money

The Central Bank of Nigeria said it would apply a regulatory framework and compliance mechanisms to…

Infractions: Bank customers asked to report abuse of rights

The Central Bank of Nigeria has charged customers of commercial banks to know their rights and…

Forex supply: Experts decries cumbersome documentation process

The Financial Derivatives Company Limited has described the documentation process required by banks for the sale…