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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
Over 100 Bureau De Change Operators were fined N5 million by the Central Bank of Nigeria for various infractions in the foreign exchange market.
The Governor of the CBN, Godwin Emefiele, said the apex bank would work in collaboration with commercial banks and other financial institutions, to raise the sum of N1.5 trillion.
The Central Bank of Nigeria (CBN) has debunked speculations making the rounds and suggesting that the naira is finally about to be devalued.
The severe pressure on Nigeria’s foreign exchange market has led to significant depreciation of the Naira across all the market segments.
Aliko Dangote has called on the Federal Government to diversify the nation’s economy now while it is still possible.
The founder of Stanbic IBTC Holdings Plc, Atedo Peterside has protested against the dethronement of Muhammadu Sanusi II as Emir of Kano.
The deposed Emir of Kano, Muhammad Sanusi II, has finally broken his silence over his removal.
Despite the increase in adoption of PoS by merchants, the value of electronic transaction done via PoS dropped by N59.26 billion between December 2019 and January 2020.
The board of directors of FCMB Group Plc unanimously voted to replace Messrs KPMG Professional Services with Messrs Deloitte and Touche as its new auditor.
Some commercial banks in the country have begun issuing reminders to their customers ahead of 1st April 2020 takeoff of CBN's cashless policy.
CBN released an exposure draft guideline for the regulation and supervision of microfinance banks in Nigeria following a review of the 2012 guidelines.
Stakeholders have highlighted insufficient electricity supply and unfavourable economic realities as some of the most serious challenges hindering their business operations.