CBN

CBN redeploys 1,500 staff to Lagos

The Central Bank of Nigeria (CBN) says it has redeployed 1,500 staff members to its Lagos office from the headquarters to enhance productivity,...

Just in: CBN pumps $500m into forex market, vows to resolve all backlogs soon

The Central Bank of Nigeria (CBN) says it has pumped an additional $500 million into the volatile foreign exchange market to address persistent...

Sanusi Lamido hails movement of some CBN departments from Abuja to Lagos, says It’s strategic

With 90 percent of commercial banks headquartered in Lagos, former Central Bank of Nigeria (CBN) governor Sanusi Lamido Sanusi has described the relocation...

Forex: CBN working towards genuine price discovery – Cardoso

The Governor of the Central Bank of Nigeria (CBN), Mr. Yemi Cardoso, has said that the bank will work towards real price discovery...

CBN clears $2bln outstanding forex liabilities

The Central Bank of Nigeria (CBN) says it has paid approximately $2 billion in its bid to cushion the lingering challenges in the...

CBN appoints new managements for Union Bank, Polaris Bank, Keystone Bank

The Central Bank of Nigeria (CBN) has appointed new executives for Union Bank, Keystone Bank and Polaris Bank, following the dissolution of their...

CBN dissolves managements, boards of Titan Trust Bank, Union Bank, two others

The Central Bank of Nigeria (CBN) has welded the big stick by dissolving the boards and managements of Titan Trust Bank, Union Bank...

FX backlog: CBN disburses $61.6m to foreign airlines

A $61.64 million payment to international airlines has been made through a number of Deposit Money Banks (DMBs) by the Central Bank of...

CBN debunks report of failing capital adequacy in Nigerian banks

The Central Bank of Nigeria (CBN) has urged Nigerians to disregard reports listing Nigerian banks as failing the Capital Adequacy Ratio (CAR) stress...

Just in: CBN halts processing fees on large cash deposits

The Central Bank of Nigeria (CBN) has announced the immediate suspension of processing fees on large cash deposits. The change cited under the...

CBN raises alarm over counterfeit Naira notes in circulation

The Central Bank of Nigeria (CBN) has raised alarm over the circulation of counterfeit banknotes across the country. According to the apex bank,...

CBN Gov. Cardoso approves apex bank’s reviewed service charter

In its bid to strengthen the core values and the working mechanism of the banking sector, the Central Bank of Nigeria (CBN) Governor,...

CBN to freeze accounts without BVN,NIN from March 2024

The Central Bank of Nigeria (CBN) said on Friday that it will freeze accounts or wallets without Bank Verification Number (BVN) and National...

Old, new Naira notes to co-exist till further notice, Supreme Court rules

The Supreme Court on Wednesday ordered that the old N200, N500, N1000 notes should continue to co-exist with the new notes until further...

VP Shettima presides over 4th NEC meeting at State House

The 4th National Economic Council (NEC) meeting is currently underway at the State House, Abuja, with Vice-President Kashim Shettima presiding as Chairman. The...

Again CBN postpones MPC meeting

Amid the high inflation rate, the Central Bank of Nigeria (CBN) has postponed its Monetary Policy Committee meeting (MPC). No date has been...