By Matthew Denis In a bid to enhance operational services, the Central Bank of Nigeria (CBN) has announced the launch of a newly redesigned website (www.cbn.gov.ng), expected to be operational today, December 2, 2024. The Acting Director, Corporate Communications, CBN,…
The Corporate Affairs Commission (CAC) and the Central Bank of Nigeria (CBN) have agreed to strengthen their collaboration in the exercise of compliance and regulatory functions among MDAs. This indication was given today during a courtesy call on the Registrar-General/CEO…
The Central Bank of Nigeria (CBN), on Tuesday, issued comprehensive guidelines for the operations of the interbank foreign exchange (FX) trading system via the Electronic Foreign Exchange Matching System (EFEMS), pegging the minimum tradable amount at $100,000, with incremental clip…
Nigeria may exit the Financial Action Task Force (FATF) grey list by the second quarter of 2025 considering enhanced effort and progress in its fight against money laundering and terrorist financing. This is according to governor Central Bank of Nigeria…
…Says inflation, FX pressures to abate early 2025 By Seun Ibiyemi The Central Bank of Nigeria (CBN) has once again raised its interest rate, increasing it by 25 basis points from 27.25 percent to 27.50 percent, in a bid to…
The Central Bank of Nigeria has raised its Monetary Policy Rate by 25 basis points, bringing it to 27.50% from 27.25%. This decision was disclosed by CBN Governor, Yemi Cardoso after the Monetary Policy Committee meeting in Abuja on Tuesday.…
By Seun Ibiyemi The Central Bank of Nigeria (CBN) has extended the deadline for the recapitalisation of Bureau De Change (BDC) operators from December 3, 2024, to June 3, 2025. Aminu Gwadabe, president of the Association of Bureaux De Change…
The Central Bank of Nigeria has denied claims that it is preventing Nigerians from transferring money into their accounts. The CBN also warned customers to exercise caution when sending fictitious SWIFT messages while remitting foreign exchange. The apex bank made…
The Central Bank of Nigeria, CBN, has uncovered a fresh fake SWIFT message scheme and warned Nigerians and the general public against falling victim to fraudsters. The spokesperson of the apex bank, Hakama Sidi Ali, issued the warning in a…
The Central Bank of Nigeria (CBN) has announced stringent penalties for Deposit Money Banks (DMBs) found diverting cash to hawkers, as part of its ongoing efforts to ensure responsible currency distribution. In a circular dated November 13, 2024, the apex…
