Tag: CBN
EFCC to banks: Do not sell FX to customers not travelling abroad
The Economic and Financial Crimes Commission (EFCC) has cautioned banks against selling foreign exchange (FX) to customers with no intention ...
CBN announces new appointments, confirms Osita Nwanisobi as spokesperson
The Central Bank of Nigeria (CBN) has approved the appoinment of Osita Nwanisobi as the director of its corporate communications ...
Forex ban: CBN directs banks to publish names of defaulters
The Central Bank of Nigeria has directed all commercial banks to publish on their websites the names and Bank Verification ...
CBN to Banks: Block accounts of ‘Premier lotto’ company and 17 others
The Central Bank of Nigeria (CBN) has ordered banks to place a post-no-debit on the bank accounts of 18 companies. ...
Bamboo, Risevest react to CBN freeze order
Following the order secured by the Central Bank of Nigeria to freeze accounts of Bamboo, Risevest over illegal FX transactions, ...
Nigeria’s inflation rate drops to 17.38% in July
The Consumer Price Index, which measures inflation dropped further to 17.38 per cent (year-on-year) in July 2021. This is 0.37 ...
CBN: Nigeria’s inflation rate may drop to single-digit by 2022
The Central Bank of Nigeria (CBN) has stated that the country's inflation rate may drop to 13 percent this year ...
Nigeria’s economy on right tract, says CBN
Dr Hassan Mahmud, Director, Monetary Policy Department of the Central Bank of Nigeria (CBN) said there were positive sides to ...
‘Banks have refunded N89bn to customers in 9 years’ – CBN speaks on failed transactions
The Central Bank of Nigeria (CBN) has stated that commercial banks have refunded N89.2 billion to customers over various financial-related ...
CBN releases guidelines for establishing payment service holding companies
The Central Bank of Nigeria (CBN) on Tuesday released guidelines for the establishment and regulation of Payments Service Holding Companies ...
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