Regulators

Old Naira Notes Still Valid,CBN Insists

The Central Bank of Nigeria (CBN) has again clarified that the old N1000, N500, and N200 banknotes,are still valid. Mrs. Sidi Ali Hakama,Acting Director,Corporate Communications,clarified this in a statement made available to

2 months ago

by Mohammed Shosanya

Tinubu Approves N758bn To Settle 16 Years Pension Liabilities

President Bola Tinubu has approved a N758 billion bond to settle long standing pension liabilities under the Contributory Pension Scheme (CPS) for federal workers in the country. The decision was taken during

3 days ago

PENCOM

CBN Orders Banks To Publish Dormant Accounts, Unclaimed Balances

The Central Bank of Nigeria (CBN),has ordered banks and other financial institutions to publish the list of dormant accounts, unclaimed balances and other financial assets. The directive was in compliance with the

3 days ago

CBN

Why Bank Directors With Bad Loans Must Quit-CBN

The Central Bank of Nigeria has ordered bank directors with non-performing insider-related loans to step down immediately. The Acting Director of Banking Supervision, Adetona Adedeji, issued the directive in a circular on

3 days ago

CBN

ATM:CBN Threatens To Penalize Banks Imposing Withdrawal Limits Below N20,000

The Central Bank of Nigeria (CBN),says it will sanction banks that compel customers to withdraw less than N20,000 per transaction from Automated Teller Machines (ATMs) despite having sufficient funds and requesting a higher

6 days ago

CBN

CBN Fixes New Date For February 2025 MPC Meeting

The Central Bank of Nigeria (CBN) has fixed February 19 and 20, 2025,as new dates for the 299th meeting of its Monetary Policy Committee (MPC). The meeting was initially scheduled for February

2 weeks ago

CBN

SEC Sensitizes State Govts On Investment Prospects In Capital Market

The Securities and Exchange Commission will embark on investor education for state governments in the country. The Director General of the Securities and Exchange Commission, Dr. Emomotimi Agama disclosed this during a

2 weeks ago

SEC

CBN Clears Outstanding $7bn Forex Backlog

The Central Bank of Nigeria (CBN),has cleared the $7 billion foreign exchange (FX) backlog. Its Governor,Olayemi Cardoso,disclosed this on Wednesday,during the launch of Nigeria’s Regulatory Policy Framework at the State House Conference

3 weeks ago

CBN

SEC To Investors:Don’t Invest in Risevest,Stecs Cooperative Societies

The Securities and Exchange Commission (SEC) has advised Nigerians against engaging in any investment-related transactions with Risevest (Victoria Island) Cooperative Multipurpose Society Limited and Stecs (Alausa) Multipurpose Cooperative Society,popularly known as Stecs.

4 weeks ago

SEC

CBN Mulls Creation Of Forex Code

The Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso,has announced plans to launch a Foreign Exchange Code aimed at ensuring transparency and fairness in the foreign exchange market. He disclosed

4 weeks ago

CBN

Retirees Get Additional N22bn

The National Pension Commission (PenCom) has released an additional N22 billion by the Office of the Accountant General of the Federation (OAGF) as part of the 2024 Appropriation for the period July

1 month ago

PENCOM

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