CBN

The Central Bank of Nigeria has changed its stance on crypto assets in the country and asked banks to disregard its earlier ban on crypto transactions. This is according to a circular dated December 22, 2023,…

The Central Bank of Nigeria (CBN), says the soaring inflation and exchange rates currently being recorded in the country will witness a sharp decline in 2024. CBN Governor, Mr. Olayemi Cardoso gave the…

Following the order of the Supreme Court on Wednesday, November 29, 2023, granting the prayer of the Minister of Justice and Attorney-General of the Federation to extend the use of old Naira banknotes ad infinitum, the Central Bank of…

The Central Bank of Nigeria plans to review its licensing framework and develop a new regulatory and compliance framework for the payment service sector. The CBN Governor, Olayemi Cardoso, revealed this at the Chartered Institute of…

Financial and Business Analysts have commended the Central Bank of Nigeria (CBN) following its announcement that banks will be directed to increase their capital in preparation to serve an envisioned $1 trillion economy. The…

Nigeria is adopting various measures to restore the confidence of the international community with the speedy implementation of the eight-point agenda of the new leadership of President Bola Ahmed Tinubu. The Nigerian President adopted…

Kano State House of Assembly has approved Governor Abba Kabir-Yusuf’s request to access a loan of N4 billion from the Central Bank of Nigeria, CBN, for the completion of Tiga and Challawa Hydro-electric power project. The approval…

The House of Representatives has resolved to invite the Governor of the Central of Nigeria to appear before it, is over the FOREX restrictions placed on 43 items. This is in pursuant to Order Eight, Rule 4 and Order Eight, Rule 7…

The Price Verification System (PVS) portal by the Central Bank of Nigeria has gone live, the Apex bank has said. This follows the successful conduct of the pilot run, and various trainings held with banks in the country, the bank noted.…

The arraignment of former Central Bank CBN Governor, Godwin Emefiele was stalled at the FCT High Court in Abuja due to the absence of his co-defendant. Mr Emefiele, who has been in the custody of the Department of State Service DSS since…