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Category: CBN

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CBN, English

CBN rolls out undercover audits to sanitize BDCs, FX market after CBEX scandal rocks Nigerians

Posted onApril 19, 2025April 19, 2025

The Central Bank of Nigeria has issued a strong warning to licensed Bureau De Change (BDC) operators nationwide, vowing to impose severe sanctions on those …

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CBN, English

Bank recapitalisation crucial to achieving $1 trillion economy: CBN

Posted onApril 15, 2025April 15, 2025

The Central Bank of Nigeria (CBN) says recapitalisation of Nigerian banks is crucial to the march towards achieving a one-trillion dollar economy. CBN’s deputy governor, …

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CBN, Labarai

Halin Da Naira Ta Ke Ciki Akan Kudaden Waje A kasuwar Canji A Yau Litinin

Posted onFebruary 17, 2025February 17, 2025

Alfijir Labarai ta rawaito Halin Da Nairar Najeriya Take Tsakaninta Da Kudaden kasashen waje a Kasuwar Wapa  Kano A Yau Dollar zuwa Naira Siya = …

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CBN, English

Breaking! Customers to Pay More for ATM Withdrawals from Other Banks – CBN 

Posted onFebruary 11, 2025February 11, 2025

Customers will, from March 1, 2025, start paying more for withdrawals from other banks’ Automated Teller Machines (ATMs) following a new directive by the Central …

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CBN, English

Breaking: CBN waives N250,000 BDCs’ yearly licence fee

Posted onJanuary 29, 2025January 29, 2025

The Central Bank of Nigeria (CBN) has waived N250,000 annual licence renewal  fee for each  Bureau De Change (BDC) operator for the 2025 financial year. …

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CBN, English

Exchange: Naira depreciates by 41 percent against Dollar despite CBN interventions in 2024

Posted onJanuary 2, 2025January 2, 2025

The Naira depreciated by 41% and 26% against the dollar in the official and parallel foreign exchange markets, respectively, to end 2024, despite interventions from …

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CBN, English

CBN gives fresh directive to BDCs, allows $25,000 weekly FX purchase

Posted onDecember 21, 2024December 21, 2024

The central Bank of Nigeria, CBN, has temporarily permitted Bureau de Change, BDC, operators to purchase up to $25,000 weekly in foreign exchange, FX, from …

Alh Auwal Lawal
CBN, English

Exclusive: FG Urged to Establish BDC Regulatory Commission for Forex Reform.

Posted onDecember 8, 2024December 8, 2024

In a bid to revitalize Nigeria’s ailing economy, stakeholders from the financial sector are clamoring for the Federal Government to establish a regulatory commission for …

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CBN, English

CBN to retire 1,000, offers N50bn payof

Posted onDecember 2, 2024December 2, 2024

Barring any last-minute changes, the Central Bank of Nigeria (CBN) will soon retire about 1,000 of its employees before the end of the year, investigations …

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CBN, English

Breaking! CBN Cautions Public On Use of Fake SWIFT Messages

Posted onNovember 19, 2024November 19, 2024

Recently, the Central Bank of Nigeria (CBN) has been inundated with claims by private entities,individuals, law firms and government agencies that foreign currency funds allegedly …

CBN
CBN, English

CBN to penalise commercial banks aiding, abetting Naira hawking

Posted onNovember 16, 2024November 16, 2024

The Central Bank of Nigeria, CBN, says it will heavily penalise Deposit Money Banks, DMBs, found supporting the hawking of Naira notes. Solaja Olayemi, acting …

CBN
CBN, English

Ahead of the MPC meeting, financial analysts advise CBN to pause raising interest rates.

Posted onSeptember 22, 2024September 22, 2024

Financial experts and analysts have told the Central Bank of Nigeria Monetary Policy Committee to pause interest rate hikes ahead of its Monday to Tuesday …

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CBN, English

Breaking! CBN sacks NIRSAL MD and directors amid corruption scandal

Posted onSeptember 1, 2024September 1, 2024

From Aminu Bala Madobi The Central Bank of Nigeria (CBN) has terminated the appointments of all executive directors at the Nigeria Incentive-Based Risk Sharing System …

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CBN, English

JUST IN: CBN Approves Merger Between Unity Bank & Providus Banks

Posted onAugust 6, 2024August 6, 2024

The Central Bank of Nigeria (CBN) has granted approval for a pivotal financial accommodation to support the proposed merger between Unity Bank Plc and Providus …

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CBN, English

$148 million sold to 29 authorised FX dealers: CBN

Posted onJuly 27, 2024July 27, 2024

The Central Bank of Nigeria has said it sold a cumulative amount of $148 million to authorised dealers in the Nigerian Foreign Exchange Market. According …

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CBN, English

CBN Reacts To Reports Of Plan To Revoke Licences Of Unity Bank, Keystone, Polaris Banks

Posted onJune 4, 2024June 4, 2024

The Central Bank of Nigeria (CBN) says it has no plans to revoke the licences of Unity, Polaris, and Keystone banks. Online reports had claimed …

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CBN, Labarai

Da Dumi Duminsa! CBN Ya Dage Takunkumin Daya Kakabawa A OPay, Kuda, Palmpay, da Moniepoint

Posted onJune 3, 2024June 3, 2024

Babban Bankin Najeriya Ya dage takunkumin makonni shida na karɓar sabbin kwastomomi a Online Bank na, OPay, Kuda, Palmpay, da Moniepoint. Wannan amincewa yana ba …

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CBN, Labarai

Tirka-Tirka: CBN Ya kori ma’aikata 200 da suka hada da manyan ma’aikata da daraktoci

Posted onMay 25, 2024May 25, 2024

Daga Aminu Bala Madobi Akalla jami’an babban bankin Najeriya CBN 200 ne aka sallama daga aiki a ranar Juma’a 24 ga watan Mayun 2024. Alfijir …

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CBN, Labarai

Babban Bankin Najeriya Ya Umarci ’Yan Canji Su Sake Rajista

Posted onMay 23, 2024May 23, 2024

Babban Bankin Najeriya (CBN) ya bukaci ɗaukacin ’yan canjin kuɗaɗen ƙasashen ƙetare su sake rajista domin ci gaba da harkokinsu. Alfijir labarai ta rawaito babban …

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CBN, Labarai

Babban Bankin Ya Fitar Da Jerin Sunayen Bankunan Ajiya Masu Lasisi A Kasar

Posted onMay 8, 2024May 8, 2024

Babban Bankin Najeriya (CBN) ya fitar da jerin sunayen bankunan ajiya masu lasisi dake gudanar da harkokinsu a Nigeria. Alfijir Labarai ta rawaito Domin kara …

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