30 results
- 6 Jul 2021
DFA Applauds CBN’s Oversight Functions on NIRSAL’s Operations
The Development Finance Advocates (DFA), a network of individuals who believe and support the adoption of development finance strategy in growing the Nigerian economy has commended the Central Bank…
- 1 Sept 2015
Nigeria Needs N9.6tr to Fund MSME – CBN
Mr Jonathan Tobin, assistant director, Development Fund Department, Central Bank of Nigeria (CBN), said N9.6 tr was needed to adequately fund Micro, Small and Medium Enterprises in the country. Tobin…
- 13 Apr 2021
CBN Asks Banks to Get on Its Central Credit Management Platform
Central Bank of Nigeria (CBN) has mandated all development finance institutions (DFIs), microfinance banks (MFBs), primary mortgage banks (PMBs) and finance companies (FCs) operating in the country…
- 12 Sept 2013
Nigerians Have Just 28m Bank Accounts-CBN
Nigeria with a population of 165 million people can only boast of about 28.6 million banks’ accounts despite having over 900 licensed microfinance banks, 22 deposit money banks and other formal…
- 29 Jun 2020
CBN Warns N50Bn Loan Applicants against Fraudsters
Central Bank of Nigeria (CBN) has warned prospective applicants for the bank’s N50 billion Targeted Credit Facility (TCF) to beware of fraudsters using employees names as a front. Mr. Godwin…
- 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…
- 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…
- 12 Apr 2024
CBN Sacks another 50 Staff, 117 Disengaged in 20 Days
There is growing apprehension among the Central Bank of Nigeria (CBN) staff as 50 additional employees were sacked on Monday, adding to the long list of ongoing disengagement at the apex bank.…
- 4 Jul 2013
CBN Dangles N200Bn on SMEs, Women
Central Bank of Nigeria (CBN) has set aside N220 billion for on-lending to micro, small and medium scale enterprises (SMEs) across the country as part of efforts to integrate more people into…
- 31 Jul 2018
CBN Says Investors Yet to Access N50Bn MSMED Fund
The Central Bank of Nigeria, CBN has said that out of the N220billion Micro, Small and Medium Enterprises Development, MSMED, Fund available, about N50 billion is still available for easy access. Mr.…
- 15 Apr 2026
CBN Proposes Mediation Panel to Fast-Track Loan Disputes
Central Bank of Nigeria has proposed a specialised mediation panel to resolve disputes in secured lending, cutting court delays and boosting asset-backed loans. CBN In a circular signed by P. I.…
- 28 Sept 2009
Access to Finance Requisite for Economic Growth - EFInA
Enhancing Financial Innovation and Access (EFInA) in its finding has submitted that given significant financial sector reforms and private sector innovations, access to finance is poised for growth…
- 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…
- 22 Jul 2020
Reps Ask CBN to Account for COVID-19 Loans
House of Representatives has resolved to investigate the Central Bank of Nigeria (CBN) over the difficulties Nigerians face in accessing its special intervention loans, especially that created for…
- 22 Feb 2010
CBN Partners NYSC in Graduate Employment Scheme
In its efforts to partner the National Youth Service Corps (NYSC) in making young graduates self employed, the Central Bank of Nigeria (CBN) has presented cash prizes and certificates of merit to Oyo…
- 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…
- 15 Dec 2013
Stakeholders @ Bulkpost Forum Rue Dividend Warrants Conversion
Stakeholders at the Customers’ Forum organized by the Bulkpost venture, an outfit of the Nigeria Postal Service (NIPOST) have frowned at unethical practices in the industry, especially the emergence…
- 27 Aug 2019
CBN Alerts Nigerians of Fake Social Media Messages Offering Loans
Central Bank of Nigeria (CBN) has cautioned Nigerians, especially youths and owners of small-scale businesses against fraudulent messages on social media requesting loan seekers to apply for a loan…
- 19 Jun 2014
CBN Plans Credit System to Ease Access to Funds
Central Bank of Nigeria (CBN) has unveiled plans to establish a National Credit Scoring System to enhance access to credit. The apex bank Governor, Mr. Godwin Emefiele disclosed this while speaking…
- 15 Feb 2018
CBN dispenses N55bn to farmers via Anchor borrowers programme
As part of its mandate to create economic linkages between farmers and processors, the Central Bank of Nigeria (CBN), says it has disbursed N55 billion to more than 250,000 farmers within two years…
- 15 Oct 2014
CBN Targets 20% Reduction in Financial Exclusion
Central Bank of Nigeria (CBN) said that it has begun the financial inclusion strategy (FIS) to reduce the number of Nigerian adults excluded from financial services from 46.3% in 2010, to 20% by the…
- 11 Nov 2020
CBN Warns Banks against Diverting P-AADS Funds
Central Bank of Nigeria (CBN) has warned banks participating in the Private-Sector-led Accelerated Agriculture Development Scheme (P-AADS ) against diverting the intervention funds meant for…
- 5 Mar 2020
NDIC Pays All Depositors of 18 Failed Banks
Nigeria Deposit Insurance Corporation (NDIC), said it has fully paid all depositors of the 18 failed banks their deposits and paid creditors and shareholders of the banks N4.987 billion as…
- 12 May 2026
CBN Warns Non-Interest Banks against Governance, Compliance Risks
Central Bank of Nigeria (CBN) has warned non-interest financial institutions against governance and compliance risks capable of undermining public confidence and financial stability in the country’s…
- 13 Sept 2024
CADEF Promotes Financial Inclusion for Persons with Disabilities @One-day Workshop
Consumer Advocacy & Empowerment Foundation (CADEF) hosted a one-day workshop on "Improving Access and Inclusion for Persons with Disabilities (PWDs) in Digital Financing" in Lagos. L-R: Bunmi…
- 24 Nov 2017
CBN, NDIC Push Banks to Return to Northeast
There are ongoing moves by the Central Bank of Nigeria (CBN) and Nigeria Deposit Insurance Corporation (NDIC) to get commercial banks and microfinance banks return to the troubled North-East region,…
- 29 Nov 2022
Stakeholders Converge at the Maiden International Financial Inclusion Conference, Lead Conversations on Financial Inclusion
Nigeria, on 24th and 25th November 2022 hosted the largest convening of the global Financial Inclusion ecosystem since the launch of its National Financial Inclusion Strategy in 2012. L-R: Lai…
- 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 Oct 2020
CBN Refunds N2.7Bn to Customers, Resolves 1,519 Complaints
Central Bank of Nigeria (CBN) refunded N2.7 billion to the customers and resolved 1,519 banks’ transaction complaints from January to June this year. Mr Haruna Mustafa of the Consumer Protection…
- 15 Jun 2026
CBN Orders Banks, Fintechs to Host Payment Data Locally
The Central Bank of Nigeria has directed banks, fintech firms, and other payment service providers to store payment transaction data generated within the country on local servers from January 1,…