30 results
- 1 Dec 2024
CBN Launches New Website Today
Central Bank of Nigeria (CBN) will today launch its newly redesigned website, www.cbn.gov.ng . Mrs Hakama Sidi Ali, acting director, Corporate Communications, CBN, , made this known in a statement on…
- 3 Jun 2024
CBN Cites Financial Stability Concerns, Revokes Heritage Bank’s Licence
Central Bank of Nigeria (CBN), has, announced the revocation of the operating licence of Heritage Bank Plc with immediate effect. In a statement issued by Mrs. Hakama Sidi Ali, acting director,…
- 5 Feb 2024
No Plans to Convert Domiciliary Accounts into Naira – CBN
Central Bank of Nigeria (CBN) has said that it has no plans to convert domiciliary account holdings valued at 30 billion dollars into Naira. Mrs Hakama Sidi-Ali, CBN’s acting director, Corporate…
- 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…
- 10 Jun 2024
No Plan to Revoke More Operating Licenses of Banks- CBN
Central Bank of Nigeria (CBN) yesterday, reassured members of the banking public of the safety of their deposits and the banking system’s resilience. The apex bank was reacting to claims that…
- 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…
- 7 Jul 2025
CBN Sets Record Straight on Diaspora BVN Fee, Confirms No Hidden Charges
Central Bank of Nigeria (CBN) has addressed growing concerns surrounding the newly introduced Non-Resident Bank Verification Number (NRBVN) platform, firmly stating that there are no hidden charges…
- 16 Dec 2025
CBN Revokes Licences of Aso, Union Homes Mortgage Banks Over Regulatory Breaches
Central Bank of Nigeria (CBN) has revoked the operating licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc, citing persistent regulatory breaches that undermined the safety…
- 19 Nov 2024
CBN Issues Scam Alert, Warns of Fake SWIFT Messages Linked to Transfer Claim
Central Bank of Nigeria (CBN) has advised bank customers to be cautious about the use of fake SWIFT messages during foreign exchange (FX) remittances. SWIFT messages are sent through the…
- 24 May 2024
CBN Makes Clarification on Revocation of Licenses of BDCs
Central Bank of Nigeria (CBN) has made a clarification on the reported revocation of licenses of Bureau De Change (BDCs). It was reported earlier that in the updated regulatory guidelines for BDC…
- 7 Jan 2024
CBN Disburses $61.6M to Foreign Airline Operators as Part of FX Backlog Clearance
The Central Bank of Nigeria (CBN) has announced the disbursement of $61.64 million to foreign airlines through various Deposit Money Banks (DMBs). This disbursement, as disclosed by Mrs. Hakama…
- 13 Dec 2024
CBN Says Old, New Naira Notes Remain Legal Tender
Central Bank of Nigeria (CBN) has said that all denominations of Naira banknotes currently in circulation remain indefinitely valid as legal tender and cannot expire or be phased out. A statement on…
- 18 Jun 2025
CBN Reaffirms Banking Sector Resilience as Forbearance Ends
The Central Bank of Nigeria (CBN) has reaffirmed the resilience and soundness of the Nigerian banking sector while unveiling a set of targeted transitional measures affecting a select number of…
- 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…
- 24 Sept 2025
CBN Warns against Abuse, Hoarding of Naira ahead of Yuletide
Central Bank of Nigeria (CBN) has launched a nationwide campaign against the abuse and hoarding of the Naira as the yuletide season approaches. The CBN also assured the public of sufficient cash in…
- 16 Dec 2025
CBN Revokes Licenses of Two Mortgage Banks, NDIC Begins Liquidation
Nigeria’s banking regulators have moved to shut down two mortgage lenders after prolonged financial distress, as authorities intensify efforts to enforce capital discipline and restore confidence in…
- 29 Nov 2023
CBN Orders Banks to Issue, Accept Old, Redesigned Naira Banknotes
Central Bank of Nigeria (CBN) has ordered banks to issue and accept both old and redesigned Naira banknotes as legal tender. This follows the order of the Supreme Court on Wednesday, November 29,…
- 27 Dec 2023
CBN says Nigerian Banks are in Safe and Sound Mode
Central Bank of Nigeria (CBN), the apex bank on Wednesday, again reiterated that Nigerian banks remain safe and sound. This followed reports stating that the federal government was planning to take…
- 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.…
- 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…
- 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…
- 4 Jun 2024
CBN Says No Plans to Revoke Additional Banking Licences
Following the recent revocation of the operating license of Heritage Bank Plc, the Central Bank of Nigeria (CBN) yesterday clarified that there were currently no further plans to withdrawal…
- 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…
- 24 Oct 2024
CBN Says No Deadline for Old Naira Notes Circulation
Central Bank of Nigeria (CBN) has dismissed reports suggesting that the old N200, N500, and N1,000 banknotes will cease to be legal tender on December 31, 2024. In an official statement issued on…
- 15 Dec 2024
CBN Cracks Down on Banks with N150 Million Fine for Mint Naira Note Hawking
Central Bank of Nigeria (CBN) has announced a fine of N150 million on Deposit Money Banks (DMBs) found guilty of illegally distributing mint naira notes to currency hawkers across the country. This…
- 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…
- 19 May 2025
Don’t Panic, Banking Sector is Safe and Sound- CBN
Central Bank of Nigeria (CBN) has once again reaffirmed the resilience and stability of the country’s banking sector, describing it as safe and sound. Olayemi Cardoso, CBN, Gov In a statement…
- 17 Jun 2025
CBN Issues Transitional Guidance, Says Banks are Healthy
Central Bank of Nigeria (CBN) has introduced time-bound measures for a small number of banks still completing their transition from the temporary regulatory support provided. The CBN stated yesterday…
- 17 Apr 2026
CBN Introduces Overnight Financing Rate to Compete with US, EU
Central Bank of Nigeria (CBN), in collaboration with financial market dealers, has introduced the Nigerian Overnight Financing Rate (NOFR), a standardized benchmark designed to enhance transparency…
- 22 Apr 2026
CBN Warns of Cyber Hack Attempt Days after CAC Attack
Central Bank of Nigeria (CBN) has warned the public of a fresh cyber hack attempt to access personal accounts, just days after the Corporate Affairs Commission (CAC) confirmed a major cyber attack on…