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 ...
Tag: CBN
CBN Hits Banks With N10m Penalty for Using Unauthorized Cheque Printers
The Central Bank of Nigeria (CBN) has announced a N10 million fine and cheque withdrawal for any commercial bank caught ...
CBN awards national licenses to leading fintech operators Opay, Moniepoint, Palmpay
Leading financial technology companies and microfinance institutions in Nigeria, including Opay, Moniepoint, Kuda Bank, Palmpay, and Paga, have received nationwide ...
Central Bank announces fresh rules for ATM installation
The Central Bank of Nigeria (CBN) has unveiled comprehensive new standards governing the deployment, operation, maintenance, and security of Automated ...
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, ...
Abuja Court Orders CBN, NDIC to Justify Mortgage Banks’ Licence Revocation
A Federal High Court in Abuja has directed the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation ...
New ₦50 Stamp Duty Charge Takes Effect on Bank Transfers Above ₦10,000
Starting January 1, Nigerians will face an additional ₦50 stamp duty on electronic money transfers exceeding ₦10,000, according to system ...
CBN Revokes Licences of Aso Savings, Union Homes Mortgage Banks Over Regulatory Violation
The Central Bank of Nigeria, CBN, has withdrawn the operating licences of Aso Savings and Loans Plc and Union Homes ...
We Need The Support Of Nigerian Governors For Our Monetary Policy Reforms To Work – CBN
The Central Bank of Nigeria (CBN) has called for the support of state governors across the federation for its ongoing ...
CBN Licenses Amaanah Finance As Nigeria’s First Non-Interest Finance Company
The Central Bank of Nigeria (CBN) has authorized Amaanah Finance Company to operate as Nigeria's first non-interest finance company. CBN ...
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