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

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

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,

May 27, 2022

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

May 25, 2022

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

May 24, 2022

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,

May 21, 2022

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

April 21, 2022

Crime/Metro

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