16 results
- 20 Mar 2022
CBN Slashes Interest on Intervention Loans to 5 Per Cent
Central Bank of Nigeria (CBN) has cut interest rates on all intervention facilities from nine to five per cent per annum. The regulatory forbearance would allow banks to restructure loans given to…
- 25 Oct 2021
CBN Releases Regulatory Guidelines for eNaira
Following the launch of the enaira by the President, Muhamadu Buhari the application for the digital currency introduced by the CBN has become available for download, with more than 5,000 downloads…
- 30 Jan 2022
CBN Amends Operational Guidelines of GSI to Allow Limitless Loan Recovery
Central Bank of Nigeria (CBN) has amended the operational guidelines of the Global Standing Instruction (GSI) to allow for continuous and unrestricted loan recovery by Deposit Money Banks (DMBs) and…
- 25 May 2022
CBN Intensifies War against Money Laundering
.Central Bank of Nigeria (CBN) has developed guidance note on anti-money laundering/combating the financing of terrorism (AML/CFT) for other financial institutions (OFIs), in a bid to protect the…
- 31 May 2022
CBN Mandates OFIs to Enroll in Credit Risk System by August1
Central Bank of Nigeria (CBN) has said the provisions of the regulatory guidelines for the redesigned Credit Risk Management System (CRMS) for commercial, merchant and non-interest banks issued on…
- 22 Aug 2022
Stakeholders Lament CBN's Interest Rate Reversal on Intervention Loans
Central Bank of Nigeria's (CBN) decision to revert interest rate on its Covid-19 intervention facilities has drawn the ire of stakeholders as well as experts, whose thoughts are that the action will…
- 2 Mar 2023
Adaora Umeoji Retires as Zenith Bank Deputy Managing Director
Dr. Adaora Umeoji, Deputy Managing Director of Zenith Bank Plc, has retired from the financial institution following the new tenure limits for banks’ executives released recently by the Central Bank…
- 1 Dec 2023
CBN to Freeze Accounts without BVN, NIN April 2024
The Central Bank of Nigeria has directed a “Post no Debit” restriction on all bank accounts without a Bank Verification Number and National Identification Number effective April 2024. “Post No Debit”…
- 17 Dec 2023
Bank Audit Leaders Urge CBN to Strengthen Fintech Regulations
The Association of Chief Audit Executives of Banks in Nigeria has called for stricter regulations of the fintech space as well as the operations of the Bureaux de Change. The association also hailed…
- 8 Feb 2024
Anambra's Cyber Revolution Gains Momentum in USTDA's Global Talks
Anambra State Government, led by Governor Charles Chukwuma Soludo, continues to make giant and groundbreaking strides in the realm of technology. In recognition of Anambra's commitment to a digital…
- 17 Mar 2024
Moniepoint Emerges Lead Sponsor of Payments Forum Nigeria - PAFON 1.0
Moniepoint Inc. a global digital financial services provider with operations in Nigeria and an ongoing expansion into other emerging markets, has emerged the lead sponsor of the maiden edition of…
- 19 Mar 2024
inq.Digital Backs Payments Forum Nigeria
Inq. Digital Nigeria Limited has been announced as a sponsor of Payments Forum Nigeria maiden edition holding this Thursday in Lagos. inq. Digital Nigeria Limited, a subsidiary of inq. Group is an…
- 20 May 2024
CBN Finally Makes U-turn, Withdraws Circular on Cybersecurity Levy
Central Bank of Nigeria (CBN) has withdrawn its earlier circular directing financial institutions to implement the national 0.5 per cent cyber security levy after the policy was largely resisted. The…
- 20 Mar 2024
Payments Forum Nigeria [PAFON1.0] Holds Tomorrow
All is now set for the maiden edition of Payments Forum Nigeria (PAFON 1.0) to be held tomorrow, Thursday, March 21, 2024 at Oriental Hotel, Lekki, Lagos State, at 9am. The Payments Forum Nigeria is…
- 25 May 2024
CBN Sacks 300 Staff, 14 Directors Affected
Central Bank of Nigeria (CBN) has reportedly sacked about 300 staff members amongst them 14 directors. The layoff of the staff brings the list of those so far disengaged from the bank under Olayemi…
- 1 Sept 2021
CBN Names Nwanisobi, 7 other Departmental Directors
Management of the Central Bank of Nigeria (CBN) has confirmed the appointment of Mr. Osita Nwanisobi as the director, Corporate Communications Department, with effect from August 25, 2021. Mr. Osita…