Regulators - Page 4

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

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

Violations:SEC Cancels Mainland Trust Limited Registration, Suspends Centurion Registrars

The Securities and Exchange Commission has cancelled the Registration of Mainland Trust Limited and suspended Centurion Registrars. In a separate circulars issued at the weekend, the Commission explained that the sanctions were

March 17, 2025

SEC

PenCom Fastracks Benefit Payments To Retirees

The National Pension Commission (PenCom) has introduced policy initiative aimed at expediting the payment of benefits to Retirement Savings Account (RSA) holders. This is conveyed in the Circular on Approval of Benefits

March 13, 2025

PENCOM

Don’t Invest In Pro-Vest, My Share Schemes, SEC Warns

The Securities and Exchange Commission, has warned Nigerians against investing in unregistered investment schemes including Promiseland Estates Limited and Promiseland Building & Construction Limited which hold themselves out as Investment Advisers/Fund Managers

March 7, 2025

SEC

Yobe Ready To Embrace Pension Reform,PENCOM Boss Pledges Support

Governor Mai Mala Buni of Yobe State has reaffirmed his administration’s commitment to implement the Contributory Pension Scheme (CPS) in Yobe State. He stated this during a recent meeting with the Director-

March 7, 2025

PENCOM

Women Highest Victims Of Ponzi Schemes In Nigeria-SEC

The Securities and Exchange Commission (SEC),has said that women are often the majority victims of Ponzi schemes, emphasizing the need for financial literacy to protect them. Speaking on Thursday at a Conference

March 6, 2025

SEC

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

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

February 19, 2025

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

February 19, 2025

CBN

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