Central Bank Governor, Dr. Olayemi Cardoso, Links Nigeria’s Economic Challenges to Russia-Ukraine War
Dr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has attributed Nigeria's economic woes to various macroeconomic ...
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CBN Withdraws Operating Licenses of 46 Microfinance Banks
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks nationwide, with the decision taking ...
CBN Introduces Stricter Forex Rules, Slams ₦100m Fine on Banks Over Documentation Breaches
The Central Bank of Nigeria (CBN) has unveiled a new set of foreign exchange regulations, introducing a ₦100 million penalty ...
CBN Extends Recapitalisation Window for Union Bank, Polaris Bank and Keystone Bank
The Central Bank of Nigeria (CBN) has reportedly granted three banks Union Bank, Polaris Bank and Keystone Bank—additional time to ...
32 Nigerian Banks Achieve Recapitalisation Target Ahead of Deadline – CBN Governor
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has revealed that 32 banks have already met the ...
Providus Bank Confirms Exceeding CBN Capital Requirements
Providus Bank Limited has clarified recent media reports concerning its compliance with the Central Bank of Nigeria’s (CBN) recapitalisation requirements, ...
Union Bank Stands Firm Following Cardoso’s Comments
Union Bank of Nigeria has stepped forward to reassure its customers and stakeholders that its operations remain stable and that ...
Cardoso Confirms 20 Banks Meet Stricter Capital Requirements
The Central Bank of Nigeria (CBN) has confirmed that 20 commercial banks have fully complied with its new minimum capital ...
Access Bank’s Bidvest Bank Acquisition Collapses Over Nigerian Regulatory Approval Delays
Access Bank Plc's planned acquisition of South Africa's Bidvest Bank has collapsed after failing to secure timely regulatory clearance from ...
CBN Breaks Year-End Cash Crisis: Nigerians Celebrate First Stress-Free Festive Season in Years
For the first time in recent memory, Nigerians celebrated Christmas and New Year without the usual frustration of cash shortages, ...
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