CBN latest news - Page 5

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Business

eNaira Sees Surge In Transaction Volume, Yet Adoption Lags Behind

The Central Bank of Nigeria (CBN) has revealed 284.6% increase in eNaira transaction volume for August 2023, reaching N9.78 billion, as reported in its Monthly Economic Report. Despite this spike, eNaira’s ratio

Emmanuel Ochayi

1 year ago

71.4% Of Nigerians Call For Interest Rate Reduction – CBN Survey

Business·Latest News

Our Banks Stable, Your Funds Are Safe, CBN Assures Depositors

Central Bank of Nigeria (CBN) has assured customers that their funds deposited in Nigerian financial institutions are safe and should continue to conduct their businesses.

Victor Ezeja

1 year ago

Business·Finance & Economy·Latest News

Emefiele: CBN Investigator Summons Lemo Over Alleged Irregular Union Bank Acquisition

In a turn of events, the Office of the Special Investigator, led by Jim Obazee, has summoned Babatunde Lemo, the Chairman of Titan Trust Bank (TTB), regarding the acquisition of Union Bank

Emmanuel Ochayi

1 year ago

Business·Latest News

CBN Lifts Restrictions On Cryptocurrency Transactions In Banks

The Central Bank of Nigeria has announced a review of its restrictions on cryptocurrency transactions in the country.

Victor Ezeja

1 year ago

Forensic Expert Confirms Forgery Of Buhari’s Signature To Withdraw $26m

CBN Investigator’s Report Reveals How Emefiele, Others Stashed billions In 593 Accounts

A report by the independent investigator appointed by President Bola to probe activities of the immediate past administration of the Central Bank of Nigeria has alleged that the embattled former CBN governor,

Victor Ezeja

1 year ago

Business·Latest News

BVN Registration Hits 59.9 Million As CBN Deadline Approaches

Latest data released by the Nigeria Inter-Bank Settlement System (NIBSS) revealed a surge in Bank Verification Number (BVN) registrations, reaching 59.9 million as of December 18, 2023

Emmanuel Ochayi

1 year ago

Naira Strengthens By N63.72 Against Dollar In January As CBN Policies Boost Confidence

Business·Latest News

Cash Scarcity: CBN Warns Banks, PoS Operators Against Sabotage

Following the recent resurgence of scarcity of naira notes in some parts of the country, the Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) and Point of Sale (POS)

Victor Ezeja

1 year ago

Business·Latest News

CBN Suspends Processing Fees On Large Cash Deposits In Banks

The Central Bank of Nigeria (CBN) has suspended the processing fees on cash deposits above N500,000 until April 2024. This was announced in a circular issued on Monday by the CBN acting

Victor Ezejaand

Admin

1 year ago

Business·Finance & Economy·Latest News

Nigerian Govt Records N1.54tn Fiscal Deficit Amid Revenue Boost

In a financial disclosure from the Central Bank of Nigeria (CBN), the Federal Government faced an N1.54 trillion fiscal deficit during July and August 2023, despite a surge in revenue streams. The

Emmanuel Ochayi

1 year ago

Nigeria Blocks $802 million Revenue Belonging To Foreign Airlines

Business·Currency·Transport

‘Foreign Airlines May Exit Nigeria’s Airspace’ – IATA Ranks Nigeria Country With Highest Trapped Funds

It has emerged that over $792 million belonging to foreign airlines are currently trapped in Nigeria leaving them without dollar bills for their business, a development that is currently hampering their operations

Victor Ezejaand

Admin

1 year ago

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CBN latest news - Page 5

eNaira Sees Surge In Transaction Volume, Yet Adoption Lags Behind

Our Banks Stable, Your Funds Are Safe, CBN Assures Depositors

Emefiele: CBN Investigator Summons Lemo Over Alleged Irregular Union Bank Acquisition

CBN Lifts Restrictions On Cryptocurrency Transactions In Banks

CBN Investigator’s Report Reveals How Emefiele, Others Stashed billions In 593 Accounts

BVN Registration Hits 59.9 Million As CBN Deadline Approaches

Cash Scarcity: CBN Warns Banks, PoS Operators Against Sabotage

CBN Suspends Processing Fees On Large Cash Deposits In Banks

Nigerian Govt Records N1.54tn Fiscal Deficit Amid Revenue Boost

‘Foreign Airlines May Exit Nigeria’s Airspace’ – IATA Ranks Nigeria Country With Highest Trapped Funds

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