Central Bank of Nigeria

Indications are that the lower legislative chamber of the National Assembly may impress on the Central Bank of Nigeria (CBN) the need to revise the new policy regime on cash deposit order, it has been gathered. Speaking in a telephone…

Financial institutions in the country under the surveillance of the Central Bank of Nigeria (CBN) have been told to increase surveillance and report all transactions involving persons and entities designated under the United Nations…

A total of nine banks listed on the Nigerian Stock Exchange are reducing the size of their non-performing loans in an attempt to meet the five per cent threshold prescribed by the Central Bank of Nigeria. The CBN in August had set…

 By Babajide Okeowo The Central Bank of Nigeria (CBN) has announced that it would start restricting foreign exchange for the importation of cassava, starch, ethanol, and other products into Nigeria. Godwin Emiefele, CBN Governor said…

By Emeka Okoroanyanwu and Babajide Okeowo Are you a businessman or woman who likes to transact business in cash? There is bad news for you. You will now be paying dearly for doing so as the Central Bank of Nigeria (CBN) in furtherance of…

The House of Representatives on Thursday asked the Central Bank of Nigeria to suspend the planned Cashless policy. The House mandated the committee on banking to investigate the policy and report back in 4 weeks. The decision followed…

Dr. Samuel Nzekwe, Former President, Association of National Accountants of Nigeria (ANAN) has advised the Central Bank of Nigeria (CBN) to intensify effort toward checking banking sector fraud. Nzekwe gave the advice in an interview…

The Central  Bank of Nigeria (CBN) has that the nationwide implementation of the cashless policy will begin by March 2020. The apex bank said this in a circular to all Deposit Money Banks (DBN) in the country. It said that…

Governor Dapo Abiodun has written the Ogun House of Assembly seeking approval to access a concessionary loan of N1.5billion from the Central Bank of Nigeria (CBN) for the Anchor Borrowers’ Programme with a single digit interest rate.…

The Central Bank of Nigeria (CBN) has warned would-be beneficiaries of the N600billion power sector intervention fund that the disbursement of the fund will be based on the accountability system of distribution companies (DisCos) which is…