Central Bank of Nigeria

The Central Bank of Nigeria has announced a series of new sanctions that will be meted out to deposit money banks, mobile money operators, payment solution service providers and other financial institutions for electronic payment…

The Central Bank of Nigeria (CBN) on Tuesday released regulation for electronic payments and collections for public and private sectors in the country. The News Agency of Nigeria (NAN) reports that the regulation is a revision of the…

Banks are rejecting high interest-yielding deposits as they countdown to the Central Bank of Nigeria (CBN) policy mandating them to give out at least 60 per cent of their deposits as loans or be sanctioned, The Nation learnt on…

The Central Bank of Nigeria (CBN) on Saturday said that the general public would continue to return mutilated bank notes to their banks after the September 2 deadline. The Director, CBN Corporate Communications, Mr. Isaac Okoroafor…

The Central Bank of Nigeria, CBN, issued a circular in July, entitled: “Regulatory measures to improve lending to the real sector of the Nigerian economy”. The key take out from the circular is to ensure that all banks have a minimum…

The Central Bank of Nigeria (CBN) has injected 297.92 million dollars into the retail Secondary Market Intervention Sales (SMIS). The bank’s Director, Corporate Communications Department, Mr. Isaac Okorafor made this known in a…

The Central Bank of Nigeria has recorded an over subscription of N112 billion on its last Treasury Bills auction. The CBN offered a total of N34.38 billion worth of T-bills across the 91-day, 182-day and 364-day tenors. The 91-day…

The Federal High Court, on Monday, ordered the Central Bank of Nigeria (CBN) to immediately pay the sum of N8 billion to Tiv communities in Benue State invaded by soldiers sometime in year 2001. The News Agency of Nigeria (NAN) reports…

There are indications that banks borrowing from the Central Bank of Nigeria (CBN) may hit N23.7 trillion by end of this year, with interest payment of N15 billion going by the current thrust and impacts of the CBN monetary measures. This…

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