CBN orders banks to keep database of fraudulent customers
The Central Bank of Nigeria (CBN) has directed banks to establish a…
CBN threatens to sanction banks without Forex sales point
The Central Bank of Nigeria (CBN) on Monday threatened to sanction any…
Publish forex allocations to banks, experts advice CBN
Some financial experts have commended the CBN for suspending some banks from…
CBN directs BDCs to sell dollar at N362
Barely 24 hours after its directive to Deposit Money Banks (DMBs) in…
CBN accuses banks of violating international money transfer rules
The Central Bank of Nigeria (CBN) has accused commercial banks of compromise…
Naira hits all-time low of 409/dollar as forex scarcity persists
The naira hit an all-time low of N409 against the dollar at…
CBN denies stopping forex allocation for school fees, medicals, urges customers to report illegal charges by banks
The Central Bank of Nigeria (CBN) has said that it has not…
Mass sack looms in banks over worsening economic climate
The Managing Director, Financial Derivatives Company Limited (FDC), Bismarck Rewane, has predicted…
Banks face N100bn revenue loss as zero COT begins
Deposit Money Banks’ revenues in Nigeria will drop by about N100 bilion…
CBN extends BVN enrolment for Diaspora bank customers
The Central Bank of Nigeria (CBN) has extended the timeline for Nigerian…