CBN

The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), has launched the Non-Resident Bank Verification Number (NRBVN) platform. The new platform enables Nigerians living abroad to…

MTN has disclosed that its share of the N160 billion USSD debt owed to telecom operators by Deposit Money Banks (DMBs) is N74 billion. The financial statement for December 31, 2024, released on Friday, revealed that MTN had received N32…

The Founder of Young Innovators of Nigeria (YIN), Mr. Andrew Abu, has called for closer partnerships with relevant agencies to improve funding access for startups in the country. Abu, speaking in Abuja on Monday, emphasised that such…

The Central Bank of Nigeria (CBN) has extended the Foreign Exchange (FX) sale period to Bureau de Change (BDC) operators until May 30. The extension is aimed at enhancing foreign exchange availability and better meeting retail market…

Guaranty Trust Holding Company Plc has secured the necessary approvals from the Central Bank of Nigeria and the Securities and Exchange Commission for the first tranche of its equity capital raise programme, successfully raising N209.41bn.…

The Central Bank of Nigeria (CBN) has warned members of the public to be cautious of the activities of fraudsters purporting to be in receipt of award letters of contracts related to construction works and special financial interventions on…

CBN, BoI, DBN Pledge to Empower Women Entrepreneurs The Central Bank of Nigeria, Bank of Industry, and Development Bank of Nigeria have declared their commitment to the Women Entrepreneurs Finance Code. This initiative aims…

The Central Bank of Nigeria (CBN) has reassured the public of its unwavering commitment to the stability and reliability of the Nigerian financial system. Ag. Director, Corporate Communications, Mrs. Hakama Sidi Ali in a statement said…

The Central Bank of Nigeria (CBN) says there are no plans by the Federal Government to convert its $30bn domiciliary deposits to Naira. The Apex Bank in a reaction to a story published by a national newspaper alleging that the government…

The Central Bank of Nigeria (CBN) is putting a stop to the daily Cash Reserve Requirement (CRR) debits and will be adopting an updated mechanism. The development is coming after the past week witnessed series of regulatory push to mitigate…