The Central Bank of Nigeria, CBN, says customers of Deposit Money Banks have received N115.45 billion and $22.7 million, respectively, as refunds from failed transactions in the last ten years. Elachi Samuel, an official of the Consumer Protection Department of…
The Central Bank of Nigeria, CBN, has confirmed the operational changes to the foreign exchange market. In a statement on Wednesday by Angela Sere-Ejembi, Director, Financial Markets of CBN, the apex affirmed the abolishment of segmentation and all segments are…
The Central Bank of Nigeria on Tuesday revoked the operating licenses of 179 microfinance banks in the country. This was disclosed in the official gazette of the Federal Government, which was published on the website of the CBN on Tuesday.…
The Central Bank of Nigeria has approved four local firms for printing cheques excluding Nigeria Security Printing and Minting Company PLC. This was contained in a circular issued by the apex bank over the weekend. The circular, signed by Sam…
The Central Bank of Nigeria, CBN, has debunked a press release alleged to be from the bank, shared on the Instagram account of the wife of the President, Aisha Buhari. In the release shared on Aisha’s page on Tuesday, it…
