Tag: Central Bank of Nigeria
CBN: Banks supplying illicit mint naira to hawkers will face N150m fine
The CBN warned would attract stricter sanctions under the provisions of the Banks and Other Financial Institutions Act (BOFIA) 2020. ...
Inflation Unacceptably High, But Monetary Policy Is Working — CBN
CBN Governor Olayemi Cardoso acknowledged Nigeria's high inflation rate but expressed optimism about the effectiveness of current monetary policies Cardoso ...
CBN vows sanctions over cash scarcity at ATMs
There have been reports of cash scarcity at banks in recent times both at ATMs and over the counter in ...
Senator Jimoh Ibrahim Urges Government to Tackle Hunger with Food Vouchers
He explained that the proposed food voucher system could directly benefit around 5 million households Senator Jimoh Ibrahim has called ...
CBN embroiled in legal battle with former employees over ‘unjust dismissal’
The lead counsel prayed that the court would ensure that the defendant pays all the claimants all their monthly salaries, ...
JUST IN: CAC Grants Extension For POS Registration
The Registrar-General of the CAC, Hussaini Magaji, who announced this said this was the agreement with the PoS operators after ...
CBN guarantees safety of depositors’ funds
This statement addressed concerns about the stability of some Nigerian banks following the revocation of Heritage Bank Plc’s license The ...
CBN Sacks Over 300 Employees Amidst Ongoing Restructuring
The Central Bank of Nigeria (CBN) terminated over 300 staff members, affecting 14 of 17 directors from Godwin Emefiele's tenure ...
SERAP gives FG 48-hour ultimatum to reverse cybersecurity levy
Socio-Economic Rights and Accountability Project (SERAP) has urged the Federal Government to urgently reverse the 0.5% cybersecurity levy introduced by ...
Security agencies to enforce banking sector recapitalization requirement— CBN
The apex bank urged the commercial banks on the importance of vetting new investors and significant shareholders through the fit ...
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