CBN Directs DMBs to Dishonour Non-electronic Payment of Salaries, Others Payment of salaries, pensions, and taxes of public and private companies must be done through approved...
Deposit Mutilated Naira Notes in Any Bank Near You Says CBN In an effort to improve the quality of Naira notes in circulation, the Central Bank...
CBN Spends $107bn on Imports in Five Years Over dependent on import products continued to hurt Nigeria’s foreign reserves despite efforts by the Federal Government to...
CBN Raises Alarm Over Scam Loan Advert The Central Bank of Nigeria (CBN) has alerted Nigerians about internet fraudsters targeting small scale businesses, using fake CBN...
Central Bank Caps Banks’ Exposure to Non-performing Loans In a bid to put a lid on banks and other financial institutions’ exposure to non-performing loans, the...
CBN to Add More Items to FX Restriction List The Central Bank of Nigeria (CBN) has said more items would be added to the list of...
DMBs May Not Comply With CBN 60% LDR Directive Deposit Money Banks may not significantly increase credit facility to the economy as the Central Bank of...
Microfinance Banks to Receive Lower Currency Denominations from CBN The Central Bank of Nigeria (CBN) has said Microfinance banks across the country would receive lower denominations...
Food Imports: Experts Warn of Economic ‘Catastrophe’ Following President Muhammadu Buhari decision to restrict the Central Bank of Nigeria from providing foreign exchange to importers of...
CBN Warns Banks Against Forcing Insurers on Borrowers The Central Bank of Nigeria (CBN) has warned financial institutions in the country to desist from compelling borrowers...