CBN - Page 2

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

December 14, 2024

by Mohammed Shosanya

CBN Launches Diaspora BVN Platform

The Central Bank of Nigeria,has unveiled the Non-Resident Bank Verification Number platform, a significant initiative aimed at enhancing financial access for Nigerians in the diaspora. The platform,which was unveiled in collaboration with

May 14, 2025

CBN

Beware Of Fraudulent Loan Offers,Grants, CBN Warns

The Central Bank of Nigeria (CBN) has warned the public on the ongoing fraudulent activities by individuals and groups falsely claiming to represent the Bank. These impostors have been circulating fake offers

May 12, 2025

CBN

Reforms Push CBN’s External Reserves To $38.8bn

Sequel to strategic reforms, the Central Bank of Nigeria,has announced a significant improvement in its financial and operational performance for the year 2024, with its external reserves rising to $38.8 billion up

May 3, 2025

CBN

CBN Reviews Documentation Requirements For PAPSS Transactions

The Central Bank of Nigeria (CBN) has announce a significant review of the documentation requirements for transactions conducted through the Pan African Payment & Settlement System (PAPSS) in Nigeria. Mrs Hakama Sidi

April 28, 2025

CBN

We Won’t Allow Unverified Funds In Recapitalization Drive, Says CBN

The Central Bank of Nigeria (CBN)is putting in place strong verification processes to ensure that illicit funds do not destabilize the banking sector in its ongoing recapitalization drive. During the 36th Seminar

April 15, 2025

CBN

CBN Explains Sales Of $197.71m Through Authorized Dealers

The Central Bank of Nigeria (CBN) has tied the significant developments in the foreign exchange market between April 3 and 4, 2025, to broader global economic shifts, including the U.S. government’s announcement

April 6, 2025

CBN

Nigeria’s Forex Market Shows Signs Of Stability-Cardoso

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reported signs of progress in stabilising the foreign exchange market and curbing inflation, as recent policy reforms begin to

March 26, 2025

CBN

CBN Strengthens Regulatory Oversight To Protect Nigeria’s Financial System

The Central Bank of Nigeria (CBN),has reaffirmed its commitment to maintaining a transparent and resilient financial system by reinforcing regulatory compliance and risk management across Nigerian financial institutions. At a high-level Mandatory

March 2, 2025

CBN

Cardoso Champions Stronger Nigeria, Saudi Ties

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reiterated the bank’s commitment to enhancing economic cooperation between Nigeria and the Kingdom of Saudi Arabia. Mr. Cardoso emphasised

February 24, 2025

CBN

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

February 19, 2025

CBN

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