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

by Mohammed Shosanya

Cardoso Wins African Banker Award

Mr. Olayemi Cardoso, Governor of the Central Bank of Nigeria, has been named the Central Bank Governor of the Year. He clinched the award at the 2025 African Banker Awards Gala, held

May 30, 2025

CBN

CBN Sells $50m Forex To Authorized Banks

The Central Bank of Bank has conducted foreign exchange intervention to maintain the nation’s currency stability. The apex bank sold $50 million to authorised dealer banks on Tuesday within the ranges of N1,581.92

May 28, 2025

CBN

Nigeria’s Banking Sector Stable, Says CBN

The Central Bank of Nigeria (CBN) has reassured Nigerians that the country’s banking sector is stable and resilient. The assurance came on the heels of recent publications and social media reports that

May 20, 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

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

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

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

February 18, 2025

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

March 13, 2023

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.

May 30, 2022

Power

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