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

3 weeks ago

by Mohammed Shosanya

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 weeks ago

CBN

CBN Orders Banks To Accept,Dispense Old Naira Notes

Mohammed Shosanya The Central Bank of Nigeria has directed commercial banks in the country to dispense and receive old naira notes as legal tender in the country. The CBN gave the directive

2 years ago

News·Nigeria News

CBN Justifies Intervention In Power Sector

The Central Bank of Nigeria has justified its intervention in the power section,saying it embarked on several performance improvement projects to reduce the various challenges plaguing the electricity industry in the country.

3 years ago

Power

CBN Pledges To Fund Ikeja DisCo’s Metering Project

The Central Bank of Nigeria (CBN) has assured Ikeja Electricity Distribution Company (IKEDC) that it would provide funds for the Phase One of its metering project. The Director of Development Finance, CBN,

3 years ago

Power

CBN Gives N1tr To Farmers

The Central Bank of Nigeria (CBN) has announced increased funding and interventions in various sectors to boost economic growth in Nigeria Governor of the CBN, Mr Godwin Emefiele, said in Abuja while

3 years ago

Agriculture

Why We Raised Interest Rate To 13.5% -CBN

The Central Bank of Nigeria has raised the interest rate to 13.5 per cent in order to prevent looming inflation in the country. The CBN Governor, Godwin Emefiele, announced this on Tuesday

3 years ago

News·Nigeria News

We’re Not Withdrawing Naira Notes From Circulation -CBN

The Central Bank of Nigeria, CBN, says there was no plan to replace the Naira notes in circulation with digital currency, the eNaira. The Director, Corporate Communications Department of the apex bank,

3 years ago

Banking&Finance·Business

CBN Contains Minor Fire At Makurdi Branch

The Central Bank of Nigeria (CBN) has announced a minor fire incident at its Makurdi Branch at about 7.00 a.m on Thursday, April 21, 2022. The incident was swiftly checked moments after

3 years ago

Crime/Metro

Crypto Transactions: CBN Fines UBA, Access Bank, Others N800m

The Central Bank of Nigeria has imposed N800m fine on Access Bank Plc, Stanbic IBTC, and the United Bank for Africa Plc for violating regulations barring customers from transacting in cryptocurrencies. The penalties were

3 years ago

Banking&Finance·Business

Stop Patronizing Illegal Financial Operators, CBN Warns

The Central Bank of Nigeria(CBN) through its Financial Services Regulation Coordinating Committee (FSRCC) The Central Bank of Nigeria, has warned Nigerians to desist from dealing with unlicensed or illegal financial operators in

3 years ago

Banking&Finance·Business

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