18 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…
- 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…
- 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…
- 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…
- 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…
- 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 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…
- 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…
- 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…
- 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,…
- 12 May 2025
CBN Issues Advisory on Scammers Flaunting Fake Contracts
Central Bank of Nigeria (CBN) has issued a fresh advisory warning the public about the persistent activities of fraudsters peddling fictitious contracts, loans, grants and intervention funds under…
- 1 Jul 2026
CBN Cracks Down, Revokes Licences of 46 Microfinance Banks
Central Bank of Nigeria (CBN) has revoked the operating licences of 46 Microfinance Banks (MFBs) across the country with effect from July 1, 2026. The apex bank announced the decision in a statement…
- 8 Jul 2026
CBN Warns against Rejection of N100 Banknotes
Central Bank of Nigeria (CBN) has reaffirmed that the standard N100 banknote remains legal tender across the country, warning that its rejection by individuals, businesses and institutions violates…