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 ...
Tag: CBN
CBN Retains Interest Rate at 26.5%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has retained the country’s Monetary Policy Rate (MPR) at ...
CBN Rate Cut Sparks ₦36trn Drop in Banks’ Deposits to ₦92.3trn
Deposits held by Nigerian banks with the Central Bank of Nigeria (CBN) declined sharply to ₦92.32 trillion in April 2026, ...
CBN Raises ATM Card Issuance and Replacement Fees
The Central Bank of Nigeria (CBN) has approved a 50 percent increase in the fee charged for issuing and replacing ...
CBN Dismisses Viral Claim of ₦5,000 Note Featuring Tinubu
The Central Bank of Nigeria (CBN) has refuted circulating reports alleging the introduction of a ₦5,000 banknote bearing the image ...
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, ...
CBN Introduces New BVN Guidelines and Age Limit for Registration
The Central Bank of Nigeria (CBN) has issued new directives requiring banks and financial institutions to maintain a temporary watchlist ...
CBN Directs Banks to Begin Credit Portfolio Stress Tests April 1
The Central Bank of Nigeria (CBN) has instructed commercial banks to begin a comprehensive stress test of their credit portfolios ...
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 ...
Apples Bite Magazine is your premier destination for updates in business, daily news, and entertainment. At Apples Bite, we serve insightful stories and in-depth analysis, curated to empower professionals, entrepreneurs, and forward-thinking individuals who thrive on staying ahead of the curve.