CBN speaks on plan to revoke licenses of three other banks
Yesterday, the CBN revoked the operating license of Heritage Bank. The decision was taken in line with the CBN’s responsibility to uphold a stable financial […]
CBN
EXCLUSIVE: CBN To Revoke Licences Of UnityBank, Keystone, Polaris
Following the revocation of the licence of Heritage Bank, the Central Bank of Nigeria (CBN) is set to also terminate the licences of three other […]
Full list of directors sacked by CBN
A significant number of directors who had survived the ongoing restructuring at the Central Bank of Nigeria (CBN) have now been dismissed. CBN Governor Yemi […]
CBN reportedly sacks 200 workers
A massive shake up has rocked the Central Bank of Nigeria as the apex bank has reportedly initiated another round of terminations affecting executive directors and approximately […]
Forex crisis: Why CBN should review recapitalization requirement for BDCs – ABCON
The Association of Bureau De Change Operators has criticized the Central Bank of Nigeria’s new recapitalization requirements for its members amid the ongoing foreign exchange […]
BREAKING: CBN Upbeat, Raises Interest Benchmark To 26.25%
The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has raised the interest rate benchmark for the third time since Olayemi Cardoso became governor, […]
CBN’s Cybersecurity Levy Heartless, Unacceptable, Say Northern Groups
The Coalition of Northern Groups (CNG) has vehemently opposed the proposed imposition of a 0.5% cybersecurity levy on every electronic transaction in the Nigerian banking […]
CBN releases list of licensed Deposit Money Banks in Nigeria
The Central Bank of Nigeria has released a list containing 44 licensed deposit money banks in the country. This disclosure was made through a list […]
New CBN Capital: 25 Banks Need N3.89trn Fresh Funds To Meet Requirements
Based on the recent capital requirements issued by the Central Bank of Nigeria (CBN) for commercial, non-interest, and merchant banks on Thursday night, 25 banks […]
Merger looms as CBN raises capital requirements for banks in Nigeria
Bank mergers are on the horizon as the Central Bank of Nigeria (CBN) has increased the minimum capital thresholds for banks. The CBN announced this […]