Tag
CBN
The Central Bank of Nigeria (CBN) governor, Yemi Cardoso, has raised concerns about the growing transaction volumes of Non-Bank Financial Institutions (NBFIs) and Other Financial Institutions (OFIs), citing significant risks to financial stability.
The Nigeria Deposit Insurance Corporation (NDIC) has stated that discrepancies in account names linked to the Bank Verification Numbers (BVN) of some former Heritage Bank customers are delaying their insured deposit payments.
Nigeria emerged as a major recipient of diaspora remittances in Sub-Saharan Africa, capturing approximately 35% of the region’s total inflows in 2023.
Nigeria's exchange rate closed June 2024 at N1,503.3/$1, marking a 1.3% depreciation for the month.
The Central Bank of Nigeria (CBN) has introduced revised guidelines to allow Deposit Money Banks (DMBs) to deposit excess foreign currency notes at its branches in Lagos and Abuja in order to credit their offshore accounts with correspondent banks.
The Nigerian Autonomous Foreign Exchange Market, NAFEM, is set to record its lowest foreign exchange (FX) turnover in five months in June 2024, as dollar illiquidity continues to exert pressure on the naira.
The Central Bank of Nigeria (CBN) has said it is working on a new regulation aimed at improving the level of compliance and corporate governance practice by fintechs in the country.
The Central Bank of Nigeria (CBN) has raised N284.26 billion from yield-hungry investors in its latest Nigerian Treasury Bills (NTBs) auction conducted on Wednesday, June 26, 2024.
The Central Bank of Nigeria (CBN) has officially discontinued its Price Verification System (PVS) portal just ten months after its launch.
Rumours can wreak havoc. Deadly whispers and baseless news have toppled strong Banks in advanced countries like the United Kingdom, the United States of America, and Germany among others causing systemic crises in their financial systems.
The naira moderated by 71 basis points in the official market amid increased pressure from the U.S. dollar index, showing improved stability in the unofficial market.
EFCC has secured a final forfeiture order of the Federal High Court Lagos against a $1.4 million allegedly linked to the former governor of the CBN), Godwin Emefiele.