The Central Bank of Nigeria (CBN) has released a draft of the ‘Guide to Charges by Banks and Other Financial Institutions, 2026,’ introducing new caps on...
Nigeria’s banking sector has recorded a major milestone in its ongoing recapitalisation programme, with 32 financial institutions already meeting the revised minimum capital requirements set by...
Nigerian banks have raised a total of N4.61 trillion in fresh capital under the ongoing recapitalisation programme of the Central Bank of Nigeria, highlighting strong investor...
The Central Bank of Nigeria (CBN) has allowed licensed Bureau De Change (BDC) operators to participate in the Nigerian Foreign Exchange Market, permitting each BDC to...
The Central Bank of Nigeria has prolonged the temporary approval granted to Bureau de Change operators to purchase foreign exchange from the Nigerian Foreign Exchange Market...
The Central Bank of Nigeria (CBN) has announced that the forensic verification of the $7 billion foreign exchange (FX) backlog is nearing completion. This significant development...
The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has confirmed that only verified claims from the $7 billion foreign exchange backlog will be settled. He...
Governor of the Central Bank of Nigeria, Olayemi Cardoso, announced on Wednesday that the Federal Government has successfully cleared the outstanding $7 billion foreign exchange backlog...
The Central Bank of Nigeria (CBN) has directed participants in the foreign exchange (FX) market to submit a compliance report on adherence to the Nigeria FX...
The Central Bank of Nigeria (CBN) has imposed a total fine of N1.35 billion on nine banks for failing to ensure cash was available through automated...
