The Central Bank of Nigeria (CBN) has set up a special account with a deposit of $2.9 billion to help calm the foreign currency (forex) market.…
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The House of Representatives has assured the public, especially depositors and stakeholders of Heritage Bank, that the recent license revocation by the Central Bank of Nigeria…
The National Assembly Committee on Banking, Insurance, and Other Financial Institutions has agreed to suspend the amendment process for the bill titled “An Act to Amend…
The operating licence of Heritage Bank Plc has been revoked by the Central Bank of Nigeria, with immediate effect. The decision followed after the bank failed…
On Wednesday, May 29, the House of Representatives authorised its banking institutions committee to look into the circumstances behind the Central Bank of Nigeria’s recent dismissal…
The Central Bank of Nigeria (CBN) has blamed the foreign exchange market’s instability on “seasonal demands”. CBN Governor Olayemi Cardoso revealed this on Tuesday during the…
The Central Bank of Nigeria (CBN) has announced that mobile money operators, including fintech firms like OPay, Palmpay, Kuda Bank, and Moniepoint, will resume enrolling new…
The Centre for the Promotion of Private Enterprise, CPPE said the recent interest rate hike to 26.25 % by the Central Bank of Nigeria would worsen…
The Central Bank of Nigeria (CBN) has raised the interest rate by 150 basis points from 24.75 percent to 26. 25 per cent. Olayemi Cardoso, CBN’s…
The Central Bank of Nigeria (CBN) has withdrawn its circular mandating banks and payment service providers to collect and remit the cybersecurity levy as proposed in…