Nigerian Customs Deactivate Two Banks Over Failure to Remit Duties.
In a recent development, the Nigerian Customs Service (NCS) has announced that it has deactivated two banks for their failure ...
Tag: CBN
CBN Accuses BDCs of Engaging in Round-Tripping Activities
The Central Bank of Nigeria (CBN) is taking steps to modernize Bureau de Change (BDC) operations and enhance transparency while ...
CBN Collaborating with Banks to Resolve FX Backlog in Two Weeks.
The Acting Governor of the Central Bank of Nigeria (CBN), Mr. Folashodun Shonubi, has announced that the CBN is working ...
Liquidity Crunch: Banking Sector’s Borrowing from CBN Surges to N12 Trillion.
In a noticeable trend, Nigeria's commercial banks and merchant banks have been increasingly turning to the Central Bank of Nigeria ...
CBN Debunks JP Morgan Reports Claims, Tells the Public not to Panic.
The Central Bank of Nigeria (CBN) has responded to recent estimates of the bank's financial accounts made by JP Morgan, ...
CBN Grants N40.67 Billion in Staff Loans Amid Financial Shifts
In its recently released audited financial statement for the year 2022, the Central Bank of Nigeria (CBN) announced that it ...
Explosive Revelations Unveil CBN’s Secret Financial Maneuvers Under EX CBN Governor, Emefiele.
The Central Bank of Nigeria (CBN) has once again showcased its financial prowess, releasing its long-awaited audited accounts for the ...
NDIC Begins Depositors’ Payment after Bank License Revocations by CBN
In response to the recent revocation of licenses by the Central Bank of Nigeria (CBN), the Nigeria Deposit Insurance Corporation ...
DMO Records N204.50 Billion in Treasury Bills Sales, FMDQ Report Shows.
In June 2023, the Debt Management Office (DMO) conducted Treasury Bills (T.bills) auctions with a total value of N204.50 billion. ...
House of Representatives Urges CBN to Ease Access to N250 Billion Gas Expansion Facility.
In response to the ongoing concerns over the rising petrol prices in Nigeria, the House of Representatives has called on ...
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