The Central Bank of Nigeria has revoked the licences of all legacy Bureau De Change (BDC) operators that failed to comply with its new regulatory requirements, effectively removing them from…
The Central Bank of Nigeria (CBN) has directed banks to submit detailed capital restoration plans as part of its phased exit from pandemic-era regulatory forbearance measures. In a circular issued…
The Central Bank of Nigeria (CBN) has announced the approval for the release of the Nigerian Foreign Exchange (FX) Code. This Code is intended to serve as a guideline to…
The Central Bank of Nigeria (CBN) has mandated that all banks and financial institutions transfer dormant accounts, unclaimed balances, and other financial assets to a dedicated account established for this…
The Central Bank of Nigeria (CBN) has projected a slight reduction in Nigeria’s external reserves in 2024. This forecast is detailed in the recently released maiden edition of its ‘Macroeconomic…
On Monday, the Central Bank of Nigeria (CBN) sought to uplift spirits, assuring Nigerians that despite current economic challenges, the nation’s economy is on a path towards strength. CBN Governor…
The Corporate Affairs Commission (CAC) has announced its intention to cancel the certificates of incorporation of Bureaux De Change (BDCs) whose licenses were revoked by the Central Bank of Nigeria…
The Central Bank of Nigeria (CBN) has stopped international oil companies from repatriating 100% foreign exchange proceeds to their mother companies overseas at once. The apex bank said international oil…
Former Central Bank of Nigeria (CBN) Governor Godwin Emefiele has been released from the Kuje Correctional Center after his lawyers met his bail conditions. His lawyer and Senior Advocate of…
The Central Bank of Nigeria (CBN) has suspended charges on cash deposits about N500,000 till April 30, 2024. The CBN made this known in a statement on Monday signed by…