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CBN directs banks to bid for Chinese yuan

The Central Bank of Nigeria on Friday commenced its intervention in the sale of foreign exchange in the Chinese Yuan.This signalled the implementation of...

Demand court order before releasing customer’s BVN – CBN tells banks

The Central Bank of Nigeria (CBN) has instructed commercial banks and other financial institutions to demand a valid court order before it releases customer’s...

Demand court order before releasing customer’s BVN – CBN tells banks

The Central Bank of Nigeria (CBN) has instructed commercial banks and other financial institutions to demand a valid court order before it releases customer’s...

Demand court order before releasing customer’s BVN – CBN tells banks

The Central Bank of Nigeria (CBN) has instructed commercial banks and other financial institutions to demand a valid court order before it releases customer’s...

External reserves drop by $102m in six days

The nation’s foreign exchange reserves have pared some of the gains recorded last month, falling by $102m in the six days to Wednesday.Available data...

Why banks aren’t lending at single digit interest rate – CBN

The Deputy Governor, Economic Policy, Central Bank of Nigeria, Dr Joseph Nnanna, on Thursday blamed the inability of Deposit Money Banks to lend at...

CBN embarks on disbursement of lower denomination banknotes

The Central Bank of Nigeria (CBN) has expressed displeasure over the scarcity of lower denominations banknotes for transactions, despite the huge volumes of the...

CBN, others back removal of President’s power on assets forfeiture

The Central Bank of Nigeria (CBN) and other stakeholders Tuesday backed the ongoing moves by the National Assembly to amend the Currency Conversion (Freezing...

Court order required to reveal customers’ BVN, CBN tells banks, others

The Central Bank of Nigeria (CBN) has released an amended regulatory framework for Bank Verification Number (BVN) operations and watch-lists for Nigerian financial system,...

Despite Drop in NPLs, Banks Still Cautious about Lending

The Central Bank of Nigeria (CBN) has revealed that the level of banking sector non- performing loans (NPLs) has declined from as high as...
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