CBN

Polaris Bank has said charges would be waived for loan defaulters for three months. The bank said the waiver would be effective from March 1, 2020. The Central Bank of Nigeria (CBN) empowers deposit money banks to charge 1% penalty for…

Governor of Central Bank of Nigeria, Godwin Emefiele The Central Bank of Nigeria (CBN) has said monetary contributions to the account set up under the Private Sector Coalition Against COVID-19 have hit N19.48bn. A statement issued on…

Instagram celebrity, Ismaila Mustapha, popularly known as Mompha has been re-arraigned for an alleged N32.9 billion fraud by the Economic and Financial Crimes Commission (EFCC). On October 19, Mompha was first arrested at the…

Central Bank of Nigeria (CBN), Godwin Emefiele The Central Bank of Nigeria (CBN) has said that it has not prohibited the acceptance of foreign currency cash deposits by Deposit Money Banks. CBN's Director of Corporate Communications,…

To guard against excess, unapproved or arbitrary charges by banks and other financial institutions, Central  Bank of Nigeria (CBN) says any bank that charges customers above approved thresholds will pay a N2 million fine per infraction. …

The monetary policy committee of the Central Bank of Nigeria (CBN) has rescheduled its meeting to Wednesday, November 21 and Thursday, November 22. According to a statement signed by Isaac Okorafor, CBN’s director, corporate…

The spraying of money at parties has been banned across Nigeria by the CBN, as a new statement alleges that such act bastardizes the national currency, the Naira. Central Bank of Nigeria (CBN) spokesman Isaac Okorafor who announced…

The Central Bank of Nigeria on Wednesday gave a notification to revoke the operating licences of 182 other financial institutions in the country. According to the list released by the regulator on Wednesday, 154 of the affected…

The Central Bank of Nigeria (CBN) has withdrawn the operating licence of Skye Bank. Godwin Emefiele, CBN Governor, announced the decision to withdraw the licence on Friday. According to Emefiele, depositors’ funds are safe. While…

Fidelity Bank Plc, top Nigerian lender has restated its readiness to take full advantage of the new credit policy guideline recently released by the Central Bank of Nigeria (CBN) to support the growth of the agriculture and…

Stanbic IBTC Holdings, in a notice sent to the Nigerian Stock Exchange (NSE) stated that the Central Bank of Nigeria (CBN) has deducted N1.88 billion from the accounts of its banking subsidiary Stanbic IBTC Bank PLC. This pertains to…

I have been tracking what I named “The Skye Bank Challenge” since the Central Bank of Nigeria (CBN) intervened in the board and management of Skye Bank Plc in July 2016. My first comment on the matter published on this page in August 3,…

Central Bank of Nigeria (CBN) Governor Godwin Emefiele was not removed so as to salvage the economy, says President Muhammadu Buhari. Buhari noted this at the Aso Villa on Friday in Abuja while he hosted some of his supporters.…

• Asks banks to access dollars from CBN thrice a week Nigerians travel-ling overseas can now heave a sigh of relief following the release of new Central Bank of Nigeria (CBN) directives that make it much easier for people in this…

The Central Bank of Nigeria (CBN) has warned that the economy faces inflation and financial stability risks over the short-to medium-term if expected huge election spending is not checked. CBN Deputy Governor (Corporate Services)…