Central Bank to Reintroduce Retail Dutch Auction System (rDAS) to Address Forex Shortage
The Central Bank of Nigeria (CBN) has announced its plan to implement…
CBN Pledges Support for $1 Trillion Economy Target Through Recapitalisation
These initiatives include addressing institutional deficiencies, restoring corporate governance, strengthening regulations, and…
BREAKING: CBN Increases Interest Rate to 27.65%
The Central Bank of Nigeria's Monetary Policy Committee (MPC) has announced a…
CBN Orders Banks to Transfer Dormant Accounts and Unclaimed Balances to Central Custody
These new directives stipulate that any accounts which have remained inactive for…
CBN Sells Dollars to Bureau De Change Operators at N1450 Rate Amid Forex Market Reforms
This initiative comes shortly after the apex bank sold $123 million to…
CBN Withdraws 0.5% Cybersecurity Levy
The Central Bank of Nigeria (CBN) has retracted its directive for banks…
CBN Directs Banks to Implement Cybersecurity Levy on Electronic Transfers
The Central Bank of Nigeria (CBN) has issued a directive instructing banks…
CBN Places Restrictions on Opay, Moniepoint, and Others for Onboarding New Customer Over Cryptocurrency
The Central Bank of Nigeria has issued directives preventing several microfinance institutions,…