CBN Halts New Loan Applications for Intervention Programs
In a noteworthy move, the Central Bank of Nigeria (CBN) has officially suspended the acceptance of new loan applications for ...
Friday, January 10, 2025
Tag: CBN
Central Bank of Nigeria Halts Processing Fees on Large Cash Deposits
In a noteworthy policy shift, the Central Bank of Nigeria (CBN) has issued a directive suspending processing charges on substantial ...
CBN Warns Against Fake Naira Notes: 5 Foolproof Detection Methods
In a recent alert, the Central Bank of Nigeria (CBN) warned financial institutions and the general public about the surge ...
CBN says counterfeit notes in circulation as naira scarcity persists
The Central Bank of Nigeria, on Friday, said its attention had been drawn to the circulation of counterfeit banknotes. The ...
Forex inflow hits $11bn in two months – CBN
Nigeria recorded $11.11bn aggregate foreign exchange inflow in July and August, figures obtained from the Central Bank of Nigeria revealed. According ...
CBN’s N123 Billion Power Intervention Projects Set for May 2024 Completion
The Central Bank of Nigeria's (CBN) N123 billion power intervention project is anticipated to become operational by May 2024, barring ...
CBN to “PND” any bank account or wallet without BVN/NIN from 2024
In a significant development, the Central Bank has declared that as of April 2024, all bank accounts lacking BVN and ...
‘CBN reforms, opportunities for investment bankers’
The immediate past President of the Association of Issuing Houses of Nigeria, Ike Chioke, says the ongoing currency reforms of ...
Naira Strengthens to N831.47/$1 in Official Market
The Nigerian naira exhibited strength against the dollar, closing at N831.47/$1 in the official market on November 29, 2023. This ...
Nigerian Banks Deemed Sound with Capital Adequacy Ratio at 14.2% – CBN
The Central Bank of Nigeria (CBN) has affirmed the soundness of the Nigerian banking sector, stating that the banks are ...
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