CBN releases updated rules for consumer protection
The Central Bank of Nigeria released an exposure document for revised consumer protection regulations yesterday. The legislation was established, according to the…
CBN
NNPCL board authorizes transfer of dollar revenue to CBN
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, revealed on Thursday that the Central Bank of Nigeria…
Equities market investors lose N481bn as gloomy trend continues
Equity market investors lost about N481 billion at the end of trading on Thursday due to sell-offs and declining interest. The PUNCH…
United Capital endorses CBN’s stakeholder partnership
Asset management company, United Capital Group, has stated that it supports the Central Bank of Nigeria’s decision to work with stakeholders on upcoming…
Nigerians studying abroad responsible for increase in exchange rate – CBN gov
The governor of the Central Bank of Nigeria has stated that Nigerians students studying abroad are the reason for the increase in…
ESCAP urges urgent CBN MPC meeting to raise interest rates
The director of ESCAP Management, Esili Eigbe urged Olayemi Cardoso, the governor of the Central Bank of Nigeria to convene an urgent Monetary Policy Committee…
World Bank MD to visit Nigeria
By Christian George The World Bank’s Managing Director of Operations, Anna Bjerde, will visit Nigeria on February 6, 2024 to meet with…
CBN denies plan to convert $30bn dom account dollars to naira
The Central Bank of Nigeria has debunked the news of planning to convert $30bn domiciliary deposits to naira. AMBusiness earlier reported that…
Full list: Licensed IMTO’s in Nigeria
Alex Omenye The recent guidelines introduced by the Central Bank of Nigeria regarding the operations of International Money Transfer Operators have led…
CBN bans banks, fintechs from operating foreign exchange services
Central Bank of Nigeria has prohibited Banks and financial technology firms from operating foreign money transfer services. The updated standards for IMTO…
Senate summons CBN governor over naira decline
The Senate, through its Committee on Banking, Insurance, and other Financial Institutions, called upon Central Bank of Nigeria Governor Olayemi Cardoso before…
CBN moves to curb FX circulation, naira hoarding
The Central Bank of Nigeria has issued a circular aimed at addressing suspected cases of excessive foreign currency speculation and hoarding by…