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The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks (MFBs). The apex bank cited the failure of the banks to meet regulatory...
Nigeria’s foreign exchange (FX) reserves have risen to $51.03 billion, highest level since January 20, 2009, according to data obtained from the Central Bank of Nigeria...
The Central Bank of Nigeria Nigeria (CBN) has said that banks and their customers lost a combined N134.48bn to fraud between 2020 and 2025 amid a...
A prosecution witness (PW11), Bashirudden Muhammed Maishanu, has told the Federal Capital Territory High Court in Abuja how $6.23 million was allegedly withdrawn from the Central Bank...
The Central Bank of Nigeria (CBN) has increased cash withdrawal limits on all channels to N500,000 weekly for individuals and N5 million for corporates. Announcing the...
Mohammed Abdullahi, the deputy governor of the Central Bank of Nigeria (CBN) for economic policy, says the country’s foreign exchange (FX) reserves have climbed to a...
The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has reduced the country’s monetary policy rate (MPR) from 27.5 percent to 27 percent....
The Central Bank of Nigeria (CBN) has disowned a circular claiming that the financial regulator has introduced N5,000 and N10,000 notes. The circular, purportedly...
1. The Central Bank of Nigeria has commenced profiling the chairmen and signatories to the bank accounts of the 774 local government areas in the...
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, on Friday said contrary to notions held in certain quarters, 1000 staffers of his outfit resigned...
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