30 results
- 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…
- 3 Dec 2021
CBN Guarding eNaira against Hackers, Fraudsters – Spokesman
Central Bank of Nigeria (CBN) has assured that it has put in place effective mechanisms to insulate the e-Naira from hackers and fraudsters. Mr Osita Nwanisobi, director, Corporate Communications…
- 17 Mar 2022
CBN Says Banks Refunded over N95Bn to Customers in 2021
Central Bank of Nigeria (CBN) has said that cumulative refund by banks to customers as at December ending 2021 stood at N95.2 billion. This is contained in data released by the bank at the opening…
- 29 Oct 2021
eNaira Facing Minor Challenges, But is Secure – CBN
Central Bank of Nigeria (CBN) has said that the said the security and dependability of the eNaira stems from the fact that it uses cryptographic technologies encrypted with two factors for…
- 13 Jul 2017
Nigerians Lost N11.9Bn to Ponzi Scheme – CBN
Central Bank of Nigeria (CBN) said that Nigerians lost N11.9 billion to the Ponzi scheme, popularly called Mavrodi Mundial Movement (MMM) in 2016. This is despite repeated warnings by the Central…
- 7 Jun 2021
Move Towards Exchange Rate Unification Positive - Report
A report by the FSDH Research has described recent move by the Central Bank of Nigeria (CBN) to achieve exchange convergence is positive, saying it would ensure clarity and improve market confidence…
- 28 Oct 2021
CBN, Security Agencies Crackdown on Ponzi Scheme Operators
Central Bank of Nigeria (CBN) is collaborating with security agencies in the country to fish out and prosecute ponzi scheme operators who specialise in defrauding innocent Nigerians of their money,…
- 2 Dec 2021
CBN Frowns at Banks Apathy to eNaira
The Central Bank of Nigeria (CBN) has knocked commercial banks across the country for not promoting the e-Naira launched with fanfare by the President Muhammadu Buhari, in October, 2021. The apex…
- 14 Aug 2025
CBN Releases Bank Customers’ Bill of Rights, Obligations
Central Bank of Nigeria (CBN) has released Bank Customers’ Bill of Rights and obligations to the public giving customers the right to be informed, right to choose, right to safety, right to privacy…
- 15 Oct 2014
SERAP Seeks Court Order to Compel CBN to Name Boko Haram Sponsors
The Socio-Economic Rights and Accountability Project (SERAP) yesterday asked a Federal High Court in Lagos to compel the Central Bank of Nigeria (CBN) to name the persons behind an alleged money…
- 27 Sept 2019
CBN Claims Anchor Borrowers Programme Created 132,260 Jobs
The Central Bank of Nigeria (CBN) has said 255 private and 14 state government anchors have so far participated in Anchor Borrowers’ Programme as at June, this year. This is in addition to…
- 16 Jul 2026
CBN Introduces Digital Tracker to Monitor BDC Forex Transactions
The Central Bank of Nigeria (CBN) has launched a new system to monitor how Bureau De Change (BDC) operators buy foreign exchange in the country. Under the new arrangement, all licensed BDCs must…
- 11 Sept 2015
Beware of “Wonder Banks”, CBN Warns
Central Bank of Nigeria (CBN), has warned Nigerians to be careful in transacting business with financial houses that promise them outrageous interest rates. Mallam Ibrahim Mu’azu, Director, Corporate…
- 25 Jun 2024
CBN Issues IMTOs Naira Access to Boost Liquidity & Diaspora Remittances
Central Bank of Nigeria (CBN), issued new measures to facilitate naira liquidity and raise diaspora remittances. In its latest circular, the apex bank stated that eligible International Money…
- 22 Sept 2014
CBN Refunds Fraudulent Charges worth N17Bn to Customers
The Central Bank of Nigeria has refunded over N17 billion to customers who were fraudulently charged by various banks as at August 2014. Hajia Khadijah Kassim, head of Consumer Protection Department…
- 30 Oct 2024
CBN Puts Nigerian Adults with Certified Bank Accounts @ 54m
About 54 million Nigerian adults have bank accounts recognized by the Central Bank of Nigeria (CBN) representing 52 per cent in 2023, the Apex bank declared on Wednesday in Abuja. The Bank said about…
- 7 Sept 2018
CBN Debits 4 Banks N5.9Bn for Aiding MTN Repatriate $8.134 Bn
Central Bank of Nigeria (CBN) yesterday debited the accounts of Standard Chartered Bank, Stanbic IBTC, Citibank Nigeria and Diamond Bank with a total N5.87 billion for alleged breach of its capital…
- 17 May 2024
CBN Grants Approval to 14 New IMTOs to Spur Liquidity
Central Bank of Nigeria (CBN) has said that it has granted 14 new International Money Transfer Operators, IMTOs Approval-in-Principle (AIP) to double foreign-currency remittance inflows through…
- 31 May 2026
POS Operators Threaten to Suspend Services over Exclusivity Practice
Association of Point of Sale Service Providers (POS) has threatened to suspend Verve card transaction services nationwide if the Central Bank of Nigeria (CBN) and the Federal Competition and Consumer…
- 5 Oct 2017
CBN Asks Banks to Cough Out N50Bn in Excess Charges
Central Bank of Nigeria (CBN) said on Wednesday it has recovered over N50 billion from banks in excess charges imposed on customers in the last three years, as part of its efforts to protect bank…
- 6 Aug 2021
Excess Charges: CBN Recovers Customers N89Bn from Banks
Central Bank of Nigeria (CBN), has recovered N89.2 billion excess and illegal charges slammed on customers by banks in Nigeria, according to Godwin Emefiele, governor of the apex bank. Image…
- 13 Apr 2025
Nigeria Records $6.83Bn Balance of Payments Surplus in 2024 Amid Economic Reforms
Central Bank of Nigeria (CBN) has announced a remarkable $6.83 billion balance of payments surplus for 2024, marking a decisive turnaround from deficits of $3.34 billion in 2023 and $3.32 billion in…
- 14 Oct 2025
Nigerians File 3,000 Banking-Related Complaints in 6 Months - FCCPC
Federal Competition and Consumer Protection Commission (FCCPC) has disclosed that it received over 3,000 banking-related complaints between March and August 2025, leading to the recovery of about N10…
- 29 Aug 2018
Forex Scam: CBN Fines 4 Banks N5.87Bn, Orders MTN to Refund $8Bn
Central Bank of Nigeria (CBN) has imposed heavy sanctions totalling N5.87 billion on four banks under its regulatory purview and asked same to refund $8,134,312,397.63 for what it described as…
- 22 Feb 2018
CBN Mandates Banks to Settle Customers’ Complaints within Two Weeks
The Central Bank of Nigeria has directed banks and other financial institutions to settle customers’ complaints on issues of overcharge, unauthorised deductions and other matters within two weeks.…
- 18 Mar 2026
PAFON 3.0 to Unite Fintech Leaders, Regulators on AI-driven Payments in Nigeria
Payments Forum Nigeria (PAFON), the country’s leading industry platform for digital finance stakeholders, has officially announced the third edition of its flagship event, PAFON 3.0. PAFON 3.0 The…
- 29 Jan 2024
CBN Injects $500m into Forex Market vows to Clear Backlog
Central Bank of Nigeria (CBN) has injected another $500 million into the market as part of measures to address the persistent backlog of verified foreign exchange (forex) transactions across the…
- 7 Aug 2025
CBN to Prosecute FX Deal Violators after Audit
Central Bank of Nigeria (CBN) has said that it plans to pursue civil, administrative, or criminal sanctions against parties found to have breached foreign exchange (FX) rules, following the…
- 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…
- 15 Apr 2026
CBN Proposes 30-Member Mediation Panel for Loan Disputes
Central Bank of Nigeria (CBN) has released an exposure draft proposing the establishment of a 30-member Mediation and Dispute Resolution Panel (MDRP) aimed at strengthening consumer protection and…