CBN Stands Firm: Banks Restricted from Using FX Revaluation Gains for Dividends
The Central Bank of Nigeria (CBN) has once again emphasized its stance that banks operating within the country are prohibited ...
Tag: CBN
CBN Warns DFIs, PMBs, MFBs of Sanctions for Late Submission of Returns
The Central Bank of Nigeria (CBN) has issued a stern warning to development finance institutions (DFIs), primary mortgage banks (PMBs), ...
Senate Tasks Panel to Investigate N30tn CBN Loans
Senate President Godswill Akpabio has called upon the members of the panel investigating the N30tn "Ways and Means" loans acquired ...
CBN’s Liquidity Mop-up Triggers Surge in Banks’ Borrowing to N8.7 Trillion in Two Months
The Central Bank of Nigeria's efforts to mop up liquidity have led to a significant increase in borrowing by deposit ...
CBN Warns Mortgage Banks: Submit Returns Promptly or Face Sanctions
The Central Bank of Nigeria (CBN) has issued a stern warning to all primary mortgage banks (PMBs) in the country ...
CBN Cracks Down on Cryptocurrency Exchanges as Binance Disables Naira Feature
In response to escalating concerns over cryptocurrency-related activities, Binance, a leading global crypto exchange, has disabled its peer-to-peer (P2P) feature ...
National Assembly Proposes N1 trillion Capital Base Bill to Strengthen CBN
The National Assembly is advancing a significant proposal aimed at fortifying the Central Bank of Nigeria (CBN), potentially elevating its ...
Dollar Crashes Against Naira on Binance Trading at N1,415/$ Amid CBN Directives to BDCs
The US dollar has experienced a significant decline against the Nigerian naira on the cryptocurrency exchange platform Binance, sparking considerable ...
CBN Sells Dollars to BDCs at N1300/$1 As Naira Gains Ground in Parallel Market
In recent developments in Nigeria's foreign exchange market, the Central Bank of Nigeria (CBN) has taken significant steps to address ...
BDC Should Not to Be An All Comers affairs-CBN
In a pivotal Monetary Policy Committee (MPC) press conference, Central Bank of Nigeria (CBN) Governor Cardoso delivered a resolute message ...
