The Central Bank of Nigeria (CBN) on Tuesdayreleased guidelines for the establishment and regulation of Payments Service Holding Companies (PSHCs) in Nigeria. This is contained in a circular issued by…
In compliance with the new Foreign Exchange (FX) regulation by the Central Bank of Nigeria (CBN), commercial banks in Abuja have set up dedicated teller points for FX transactions in…
The Central Bank of Nigeria (CBN) on Monday announced immediate discontinuation of sale of Foreign Exchange (forex) to Bureau de Change (BDC) operators in the country. Mr. Godwin Emefiele, the…
The Central Bank of Nigeria (CBN) has partnered with some cyber security stakeholders to launch a new cyber awareness campaign tagged ‘# NoGoFallMaga’. The initiative was launched in collaboration with…
A House of Representatives Committee has summoned the Inspector-General of Police and the National Security Adviser to appear before it over recovered looted funds from 2002 to 2020. The summon…
The Central Bank of Nigeria (CBN) has concluded plans to increase the amount of foreign exchange allocated to banks to meet the requests of customers. This particularly relates to requests…
The Central Bank of Nigeria (CBN) has announced an extension to its Naira 4 dollar incentive to encourage diaspora remittances till further notice. The apex bank announced the extension on…
The Central Bank Governor, Godwin Emefiele says Nigeria is targeting to attain self sufficiency in maize production by 2022. Emefiele made the disclosure on Thursday in Katsina at the launch…
The Central Bank of Nigeria (CBN) on Thursday announced the immediate removal of all directors of First Bank of Nigeria Ltd. and and FBN Holdings Plc over purported management changes…
The Central Bank of Nigeria (CBN) has queried the Board of the First Bank of Nigeria Plc for removing Dr. Adesola Adeduntan, the Managing Director/Chief Executive Officer, without regulatory approval.…