The Central Bank of Nigeria (CBN) has again increased the monetary policy rate (MPR) by 0.50 per cent to 18.50 per cent. The Governor of the...
The Central Bank of Nigeria has revoked the operating licenses of 132 Microfinance banks, four primary mortgage banks and three finance companies in Nigeria. The Official...
The Central Bank of Nigeria has approved four local firms for printing cheques excluding Nigeria Security Printing and Minting Company PLC. This was contained in a...
The Nigeria Senate has asked the Central Bank of Nigeria and the federal government to release the $717m trapped foreign Airline’s fund. DAILY POST reports this...
Nigeria will earn over $4 billion in nominal revenue as the Federal Executive Council, FEC, on Wednesday okayed the concession of the Nnamdi Azikiwe International Airport...
The Central Bank of Nigeria (CBN) has proposed a solution to enhancing credit accessibility within the country. It suggests that banks upgrade their Automated Teller Machines...
The apex bank has authorized representatives of foreign banks in Nigeria to collaborate with their parent companies in providing and syndicating foreign currency-denominated loans (specifically, dollar...
The Central Bank of Nigeria has clarified that Bank Verification Number, BVN, has no expiry date contrary to claims making the round. The apex bank’s explanation...
The Governor of the Central Bank of Nigeria, Godwin Emefiele, said that the ‘Race to USD200bn In FX Repatriation’ programme of the bank had boosted the...
Nigerian commercial banks have been warned against harbouring and backing unlicensed foreign firms. To improve the country’s financial sector, the Central Bank of Nigeria issued this...