30 results
- 27 Jan 2022
Reps Ask CBN to Suspend Customs E-Invoice, Invite CBN Governor
House of Representatives has directed the Central Bank of Nigeria (CBN) to suspend the implementation of the import/export electronic invoice policy. Godwin Emefiele, CBN governor The apex bank was…
- 5 May 2022
Benin Republic Accounts are Risky, CBN Tells Banks
Central Bank of Nigeria (CBN) has warned banks and other financial institutions in the country to be vigilant as regards transactions involving Benin Republic. Godwin Emefiele, CBN governor CBN…
- 10 Feb 2022
CBN to Stop Sale of Forex to Banks by Year End
Central Bank of Nigeria (CBN) has revealed that it would stop the sale of foreign exchange to banks by the end of the year. Godwin Emefiele, governor, CBN Godwin Emefiele, governor, CBN, said the…
- 1 Mar 2024
CBN Revokes Licenses of over 4,000 Bureau De Change Operators
Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change (BDC) operators in the country. Yemi Cardoso, CBN Gov The CBN’s Acting Director of Corporate Communications, Sidi Ali…
- 28 Dec 2020
CBN to Charge Protection Fees on CNI-ABS
Central Bank of Nigeria (CBN) says it will charge protection fees from investors in its Non-Interest Asset Backed Securities. According to the Nation, one of the features of the CBN Non-Interest…
- 22 Dec 2019
CBN Slashes ATM Withdrawal, eTransfer Charges, Warns Banks
Central Bank of Nigeria (CBN) has reviewed downward electronic transfer and ATM fees as well as card maintenance fees. Emefiele, CBN Gov The new charges were contained in the latest Guide to Charges…
- 30 Jan 2017
CBN Queries 5 Banks for Forex Manipulation
Central Bank of Nigeria (CBN) has queried five commercial banks for manipulating foreign exchange (forex) transaction rates. The CBN detected the rate manipulations following the mandatory rendition…
- 29 Apr 2021
CBN Fires all First Bank Directors, Reinstates Sacked MD
Central Bank of Nigeria (CBN), has sacked all First Bank of Nigeria (FBN) directors and appointed new ones with immediate effect. The CBN also accused the directors of corporate governance breach,…
- 30 Dec 2020
Loans Defaults with Collateral Worsened in Q4 – CBN
Central Bank of Nigeria (CBN), has said that default on loans with collateral worsened in the fourth quarter of 2020. Mr. Godwin Emefiele, CBN governor The statistics department of the CBN disclosed…
- 10 Feb 2020
N441 Trn e-Payment Transactions Executed in 2019 – CBN
Central Bank of Nigeria (CBN) has shown that over ₦441 trillion e-payment transactions were executed in 2019. Godwin Emefiele, CBN Gov According to a table of e-payments released by the CBN, titled,…
- 18 Sept 2025
Don’t Spray, Mutilate Naira - CBN
Central Bank of Nigeria (CBN) has warned Nigerians, especially market women, against spraying, hawking and mutilating of the naira, the nation’s national currency. Olayemi Cardoso, governor, CBN, who…
- 15 Oct 2020
Respite for CBN as Court Vacates N24Bn Order Against it
Federal High Court in Abuja has set aside an order against the Central Bank of Nigeria (CBN) in respect of a judgment sum of N24.1 billion. Mr. Godwin Emefiele, CBN governor Justice Evelyn Maha, in a…
- 3 Aug 2021
CBN Sets N1m as Application Fee for PSHCs Licence
Central Bank of Nigeria (CBN) released guidelines for the establishment and regulation of payments service holding companies (PSHCs) in Nigeria. Musa Jimoh, CBN’s director of payments system…
- 25 Jan 2010
CBN Fixes Tenure for Bank CEOs
The Central Bank of Nigeria (CBN) has announced a 10-year maximum tenure for Managing Directors and Chief Executive Officers of banks in Nigeria. Samuel Oni, CBN Director on Banking Supervision said…
- 24 Dec 2019
CBN Says Failure to Acknowledge Customer’s Complaint to Attract N2m Fine
Central Bank of Nigeria (CBN) has said that any financial institution that fails to acknowledge complaints from customers will be sanctioned with fines up to N2 million. Emefiele, CBN gov This was…
- 6 Jan 2014
CBN Doles Out $26.6Bn to Defend the Naira
Central Bank of Nigeria (CBN) shelled out some $26.6 billion from the nation’s external reserves to save the naira from devaluation last year, according to information on the apex bank’s website. CBN…
- 19 Dec 2019
CBN Issues Licences to 15 Mobile Money Operators
Central Bank of Nigeria(CBN) has issued licences to 15 mobile money operators as part of its drive towards increasing financial inclusion. Emefiele, CBN gov To further address the observed absence of…
- 10 May 2020
CBN Assures Foreign Investors of Ease of Fund Repatriation
Godwin Emefiele, governor, Central Bank of Nigeria (CBN), has assured investors interested in repatriating their funds from Nigeria that they can do so safely. Mr. Godwin Emefiele, CBN governor…
- 31 May 2021
CBN Releases Framework for Non-Bank Acquiring
Central Bank of Nigeria (CBN) has released regulatory framework guiding the operations of non-bank acquiring in the country. Mr. Godwin Emefiele, CBN governor A circular issued by Musa Jimoh,…
- 21 Jul 2024
CBN Expects N20trn from Dormant Accounts
Central Bank of Nigeria (CBN) has directed banks and other financial institutions to deposit unclaimed balances and funds in dormant accounts to the apex bank accounts. According to the CBN the…
- 26 Jan 2021
CBN Opposes Fresh Lockdown as Interest Rate Remains at 11.5 Per Cent
Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday urged the Federal Government not to consider another round of lockdown. Godwin Emefiele, CBN governor Godwin Emefiele,…
- 7 Feb 2019
How Entrepreneurship Training Institutes Defraud Nigerians By CBN
Central Bank of Nigeria (CBN) has called on the general public to be careful in dealing with some Entrepreneurship Development Institutions (EDIs), purporting to be CBN-accredited EDIs. These…
- 11 Jan 2010
CBN Faults Reports on Massive Layoffs in Banks
The Central Bank of Nigeria (CBN) has stated as untrue reports making round about the CBN directing banks to disengage their staff. In a statement signed by the deputy director, Corporate…
- 7 Oct 2018
CBN Reverses Gear, May Cut MTN’s $8.1Bn Repatriation Demand
The Central Bank of Nigeria (CBN) may alter the amount it has ordered South African telecoms firm MTN to repatriate as part of a dispute, Godwin Emefiele, CBN governor, said on Sunday. “I don’t think…
- 13 Jan 2021
CBN Issues Guidelines for QR Code Payments in Nigeria
A framework for the use of the Quick Response (QR) code for payments in the country has been released by the Central Bank of Nigeria (CBN). Mr. Godwin Emefiele, CBN governor QR codes are matrix…
- 25 Mar 2020
COVID-19: CBN Directs Non-critical Staff to Work from Home
Central Bank of Nigeria (CBN) has directed its staff in non-critical roles to stay at home and work remotely, effective Wednesday. Mr. Godwin Emefiele, CBN governor The Bank, however, said it remains…
- 18 Jan 2016
Jonathan Turned CBN into ATM- Soludo
Prof. Chukwuma Soludo, former governor of the Central Bank of Nigeria (CBN) has said that former President Goodluck Jonathan turned CBN into the Presidency’s Automated Teller Machine (ATM) to…
- 24 Jan 2023
CBN Hikes Interest Rate to 17.5 Per Cent Despite Inflation Dip
Central Bank of Nigeria, CBN, Monetary Policy Committee has voted to increase the benchmark interest rate by 100 basis points, from 16.5% to 17.5 percent to tame inflation. Godwin Emefiele, CBN…
- 20 Jul 2018
CBN Begins Chinese Yuan sales
The Central Bank of Nigeria (CBN) on Friday launched the sale of foreign exchange in Chinese Yuan (CNY) signalling the consummation of the Nigeria-China Currency Swap Agreement. The CBN acting…
- 4 Dec 2025
CBN Scraps Cash Deposit Limits, Raises Weekly Withdrawal Threshold
Central Bank of Nigeria (CBN) has removed the limit on cash deposits and raised the weekly cash withdrawal limit across all channels to N500,000, up from N100,000. CBN The apex bank disclosed this in…