Nigeria Launches Digital Banking Access Platform for Citizens Abroad
Nigeria's financial regulatory authority has unveiled a groundbreaking digital solution aimed at extending banking services to millions of Nigerian expatriates ...
Tag: Central Bank of Nigeria (CBN)
CBN Cautions Banks Against Restricting ATM Withdrawals Below ₦20,000
The Central Bank of Nigeria (CBN) has issued a stern warning to commercial banks, cautioning them against imposing unnecessary withdrawal ...
CBN Ends Approval for FX Dealers’ Extensions on Export Proceeds Repatriation
The Central Bank of Nigeria (CBN) has announced that it will no longer approve requests from authorized foreign exchange (FX) ...
PDP Chieftain Segun Sowunmi Criticizes Tinubu’s Economic Policies, Claims President is Confused
Segun Sowunmi, a prominent member of the Peoples Democratic Party (PDP), has criticized President Bola Tinubu's economic policies, suggesting they ...
CBN Dismisses NIRSAL Executive Directors Amid Ongoing Restructuring
The Central Bank of Nigeria (CBN) has dismissed all executive directors of the Nigeria Incentive-Based Risk Sharing System for Agriculture ...
CBN Raises Exchange Rate for Cargo Clearance Amid Naira Depreciation
The Central Bank of Nigeria (CBN) has increased the exchange rate for cargo clearance at the nation’s seaports and airports ...
Central Bank of Nigeria Revokes Licenses of 4,173 Bureaux De Change Operators
In a significant regulatory move, the Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change ...
CBN Injects Over $300 Million to Stabilize Naira
In a bid to curb the volatility of the naira against the dollar, the Central Bank of Nigeria (CBN) has ...
FIRS Chairman Urges President Tinubu to End Tax Credit Scheme
In a recent development, Zaccheus Adedeji, the Chairman of the Federal Inland Revenue Service (FIRS), has called upon President Bola ...
Western Union, MoneyGram, and Others Directed to Pay Nigerians in Naira Instead of Dollars
In a significant policy shift, International Money Transfer Operators (IMTOs) will now be required to pay Nigerian beneficiaries in Naira ...
CBN Governor Olayemi Cardoso Announces End to Funding Intervention Programmes
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has declared that the financial institution will cease funding ...
CBN Governor Unveils $2.4 Billion Forex Scam, Deloitte Audit Exposes Irregularities
Governor Yemi Cardoso of the Central Bank of Nigeria (CBN) disclosed on Monday, January 5, 2024, that a staggering $2.4 ...
CBN Raises International Money Transfer Operator License Fee by 1,900% to N10 Million, Prohibits Banks and Fintechs from Direct Operation
The Central Bank of Nigeria (CBN) has implemented a substantial increase in the application fee for international money transfer operators ...
Controversy Surrounds Central Bank of Nigeria’s (CBN) Relocation Plans for Key Departments
A significant controversy is unfolding over the recent plans by the Central Bank of Nigeria (CBN) to relocate key departments ...
President Tinubu Conducts First Official Tour of Dangote Petroleum Refinery
President Bola Ahmed Tinubu made his inaugural official visit to the Dangote Petroleum Refinery on Thursday, demonstrating strong federal government...
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